Eventide Asset Management LLC Purchases 526 Shares of Copart, Inc. (NASDAQ:CPRT)

Eventide Asset Management LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.1% in the third quarter, Holdings Channel reports. The firm owned 714,080 shares of the business services provider’s stock after acquiring an additional 526 shares during the period. Eventide Asset Management LLC’s holdings in Copart were worth $37,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in Copart during the second quarter worth approximately $109,382,000. Kinsale Capital Group Inc. raised its stake in shares of Copart by 17.7% in the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after purchasing an additional 13,554 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Copart by 162.9% in the first quarter. Cetera Investment Advisers now owns 184,417 shares of the business services provider’s stock valued at $10,681,000 after purchasing an additional 114,263 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Copart in the second quarter valued at $5,418,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Copart by 263.0% during the second quarter. Assenagon Asset Management S.A. now owns 651,901 shares of the business services provider’s stock valued at $35,307,000 after acquiring an additional 472,318 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.5 %

Shares of NASDAQ CPRT opened at $63.51 on Friday. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $64.38. The firm’s 50-day moving average is $54.58 and its 200-day moving average is $53.37. The firm has a market capitalization of $61.19 billion, a PE ratio of 44.73 and a beta of 1.27.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. Copart’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Robert W. Baird cut their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

Copart 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.