Arkadios Wealth Advisors Purchases 14,117 Shares of Copart, Inc. (NASDAQ:CPRT)

Arkadios Wealth Advisors grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 35.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,298 shares of the business services provider’s stock after buying an additional 14,117 shares during the quarter. Arkadios Wealth Advisors’ holdings in Copart were worth $2,845,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Copart by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock worth $867,017,000 after buying an additional 1,199,781 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Copart by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock worth $427,807,000 after purchasing an additional 30,454 shares during the period. Legal & General Group Plc raised its holdings in shares of Copart by 9.4% in the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock worth $376,035,000 after purchasing an additional 598,566 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of Copart by 9.9% in the 1st quarter. William Blair Investment Management LLC now owns 5,498,210 shares of the business services provider’s stock worth $318,456,000 after purchasing an additional 496,643 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Up 0.6 %

NASDAQ:CPRT opened at $51.71 on Friday. The firm’s 50 day moving average is $52.30 and its 200 day moving average is $53.12. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The stock has a market capitalization of $49.76 billion, a PE ratio of 36.42 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.34 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. Research analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.