Atria Investments LLC Has $1.84 Million Stake in Copart, Inc. (CPRT)

Atria Investments LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 81.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,729 shares of the business services provider’s stock after acquiring an additional 16,041 shares during the period. Atria Investments LLC’s holdings in Copart were worth $1,841,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its position in shares of Copart by 88.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the business services provider’s stock worth $112,000 after buying an additional 926 shares in the last quarter. Navellier & Associates Inc raised its position in shares of Copart by 3.4% in the first quarter. Navellier & Associates Inc now owns 30,400 shares of the business services provider’s stock worth $1,548,000 after buying an additional 994 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Copart by 0.8% in the second quarter. MetLife Investment Advisors LLC now owns 127,008 shares of the business services provider’s stock worth $7,184,000 after buying an additional 1,052 shares in the last quarter. BB&T Securities LLC raised its position in shares of Copart by 9.0% in the second quarter. BB&T Securities LLC now owns 13,081 shares of the business services provider’s stock worth $739,000 after buying an additional 1,084 shares in the last quarter. Finally, Dupont Capital Management Corp raised its position in shares of Copart by 3.4% in the second quarter. Dupont Capital Management Corp now owns 36,647 shares of the business services provider’s stock worth $2,073,000 after buying an additional 1,206 shares in the last quarter. 83.11% of the stock is owned by hedge funds and other institutional investors.

NASDAQ CPRT opened at $50.38 on Friday. Copart, Inc. has a twelve month low of $35.32 and a twelve month high of $67.08. The company has a current ratio of 2.56, a quick ratio of 2.27 and a debt-to-equity ratio of 0.25. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 1.04 and a beta of 1.00.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Wednesday, September 19th. The business services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $449.20 million for the quarter, compared to analysts’ expectations of $448.64 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts predict that Copart, Inc. will post 2.15 EPS for the current fiscal year.

CPRT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, July 17th. BidaskClub upgraded Copart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. Barrington Research reiterated a “hold” rating on shares of Copart in a research report on Tuesday, September 18th. Gabelli upgraded Copart from a “hold” rating to a “buy” rating in a research report on Thursday, September 20th. Finally, SunTrust Banks set a $63.00 price objective on Copart and gave the stock a “buy” rating in a research report on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Copart currently has a consensus rating of “Hold” and a consensus price target of $55.14.

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

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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