Schroder Investment Management Group boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 62.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 516,749 shares of the business services provider’s stock after buying an additional 199,533 shares during the quarter. Schroder Investment Management Group’s holdings in Copart were worth $28,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPRT. Cornerstone Advisors Inc. grew its holdings in shares of Copart by 88.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 926 shares in the last quarter. Financial Architects Inc grew its holdings in shares of Copart by 211.7% during the 2nd quarter. Financial Architects Inc now owns 2,668 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 1,812 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of Copart by 1,457.5% during the 2nd quarter. CENTRAL TRUST Co now owns 3,115 shares of the business services provider’s stock valued at $176,000 after acquiring an additional 2,915 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Copart by 119.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 3,400 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Copart by 224.2% during the 2nd quarter. Captrust Financial Advisors now owns 3,511 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 2,428 shares in the last quarter. Hedge funds and other institutional investors own 83.10% of the company’s stock.

CPRT stock opened at $52.58 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.56 and a quick ratio of 2.27. Copart, Inc. has a 1 year low of $33.71 and a 1 year high of $67.08. The firm has a market capitalization of $12.21 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 1.07 and a beta of 0.94.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, September 19th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.06). Copart had a net margin of 23.14% and a return on equity of 29.92%. The business had revenue of $449.20 million during the quarter, compared to analyst estimates of $448.64 million. During the same period in the previous year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. equities analysts forecast that Copart, Inc. will post 2.15 earnings per share for the current year.

In related news, insider William E. Franklin sold 90,000 shares of Copart stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $58.94, for a total value of $5,304,600.00. Following the completion of the sale, the insider now owns 107,462 shares of the company’s stock, valued at approximately $6,333,810.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.40% of the stock is currently owned by insiders.

Several equities analysts have recently commented on CPRT shares. Barrington Research restated a “hold” rating on shares of Copart in a report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, July 17th. JPMorgan Chase & Co. cut shares of Copart from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $48.00 to $47.00 in a report on Friday. Finally, BidaskClub upgraded shares of Copart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $53.50.

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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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