FORA Capital LLC Invests $1.35 Million in Copart, Inc. (NASDAQ:CPRT)

FORA Capital LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the third quarter, Holdings Channel.com reports. The fund bought 25,802 shares of the business services provider’s stock, valued at approximately $1,352,000.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of Copart by 108.1% in the first quarter. Advisors Asset Management Inc. now owns 9,299 shares of the business services provider’s stock valued at $539,000 after purchasing an additional 4,831 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in shares of Copart by 40.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock valued at $2,199,000 after purchasing an additional 10,959 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Copart by 17.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 26,291 shares of the business services provider’s stock valued at $1,523,000 after purchasing an additional 3,843 shares during the period. Comerica Bank grew its holdings in shares of Copart by 5.9% in the first quarter. Comerica Bank now owns 336,206 shares of the business services provider’s stock valued at $19,473,000 after purchasing an additional 18,605 shares during the period. Finally, LBP AM SA acquired a new position in Copart in the first quarter valued at about $1,008,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Price Performance

NASDAQ CPRT opened at $63.51 on Thursday. The stock has a market capitalization of $61.18 billion, a P/E ratio of 44.73 and a beta of 1.27. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $64.38. The firm’s 50-day moving average is $54.33 and its two-hundred day moving average is $53.30.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. As a group, analysts anticipate that Copart, Inc. will post 1.57 EPS for the current 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.