Morgan Dempsey Capital Management LLC raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 94.5% during the second quarter, Holdings Channel reports. The firm owned 7,746 shares of the business services provider’s stock after buying an additional 3,763 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Copart were worth $246,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CPRT. PNC Financial Services Group Inc. raised its position in shares of Copart by 0.7% in the first quarter. PNC Financial Services Group Inc. now owns 10,085 shares of the business services provider’s stock valued at $624,000 after buying an additional 72 shares during the period. Neuberger Berman Group LLC raised its position in shares of Copart by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 16,826 shares of the business services provider’s stock valued at $1,042,000 after buying an additional 126 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Copart by 0.4% in the first quarter. BNP Paribas Arbitrage SA now owns 84,358 shares of the business services provider’s stock valued at $5,224,000 after buying an additional 325 shares during the period. Teacher Retirement System of Texas raised its position in shares of Copart by 4.2% in the first quarter. Teacher Retirement System of Texas now owns 8,182 shares of the business services provider’s stock valued at $507,000 after buying an additional 332 shares during the period. Finally, Advantus Capital Management Inc raised its position in shares of Copart by 3.3% in the first quarter. Advantus Capital Management Inc now owns 13,087 shares of the business services provider’s stock valued at $810,000 after buying an additional 413 shares during the period. 42.25% of the stock is currently owned by institutional investors and hedge funds.

Copart, Inc. (NASDAQ CPRT) opened at 31.17 on Friday. Copart, Inc. has a 1-year low of $28.89 and a 1-year high of $63.14. The company’s 50-day moving average price is $31.36 and its 200 day moving average price is $42.13. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 17.99 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $373.90 million during the quarter, compared to the consensus estimate of $386.61 million. Copart had a return on equity of 33.20% and a net margin of 29.10%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. On average, equities analysts expect that Copart, Inc. will post $1.25 earnings per share for the current fiscal year.

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Several brokerages have recently commented on CPRT. Jefferies Group LLC reaffirmed a “hold” rating and issued a $30.00 price target on shares of Copart in a research note on Tuesday, April 18th. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $48.80.

About Copart

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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