First Heartland Consultants Inc. Acquires 378 Shares of Copart, Inc. (NASDAQ:CPRT)

First Heartland Consultants Inc. raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,250 shares of the business services provider’s stock after purchasing an additional 378 shares during the period. First Heartland Consultants Inc.’s holdings in Copart were worth $328,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CPRT. Cadence Bank increased its holdings in Copart by 0.6% in the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after buying an additional 187 shares in the last quarter. WASHINGTON TRUST Co boosted its holdings in shares of Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after acquiring an additional 200 shares during the last quarter. Spinnaker Trust grew its stake in shares of Copart by 4.0% in the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after acquiring an additional 200 shares during the period. Values First Advisors Inc. raised its holdings in shares of Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 201 shares during the last quarter. Finally, Duncan Williams Asset Management LLC lifted its position in Copart by 1.3% during the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

Copart Stock Up 1.3 %

Copart stock opened at $57.93 on Thursday. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $58.58. The company has a market cap of $55.81 billion, a P/E ratio of 41.68 and a beta of 1.27. The business has a 50-day simple moving average of $52.69 and a two-hundred day simple moving average of $53.08.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Research analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal year.

About Copart

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.