Copart, Inc. (NASDAQ:CPRT) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 58.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,292,500 shares of the business services provider’s stock after purchasing an additional 844,014 shares during the period. BNP Paribas Financial Markets owned about 0.24% of Copart worth $120,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Optimum Investment Advisors raised its holdings in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after buying an additional 300 shares during the period. Eastern Bank acquired a new stake in shares of Copart during the third quarter worth about $29,000. Crewe Advisors LLC boosted its stake in shares of Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 280 shares during the period. Meeder Asset Management Inc. increased its stake in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the period. Finally, Versant Capital Management Inc boosted its position in Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after buying an additional 492 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of Copart stock opened at $63.80 on Wednesday. The stock has a market capitalization of $61.46 billion, a price-to-earnings ratio of 44.93 and a beta of 1.27. The firm’s fifty day simple moving average is $54.07 and its 200-day simple moving average is $53.24. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $64.19.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted $0.34 EPS. Copart’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

CPRT has been the subject of several analyst reports. Robert W. Baird lowered their target price on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. raised their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Copart Company Profile

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.