Mount Yale Investment Advisors LLC Buys 4,988 Shares of Copart, Inc. (NASDAQ:CPRT)

Mount Yale Investment Advisors LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,200 shares of the business services provider’s stock after buying an additional 4,988 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Copart were worth $2,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Copart by 272.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 168,730 shares of the business services provider’s stock valued at $9,773,000 after purchasing an additional 123,414 shares during the period. Indiana Trust & Investment Management CO bought a new stake in Copart during the 1st quarter valued at approximately $36,000. Pinnacle Bancorp Inc. lifted its holdings in Copart by 79.6% in the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after purchasing an additional 234 shares in the last quarter. Independence Bank of Kentucky boosted its stake in Copart by 22.7% in the 1st quarter. Independence Bank of Kentucky now owns 8,853 shares of the business services provider’s stock worth $513,000 after purchasing an additional 1,635 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Copart by 58.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 17,517 shares of the business services provider’s stock worth $1,015,000 after purchasing an additional 6,428 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price objective 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.

Copart Trading Up 0.0 %

Shares of CPRT stock opened at $51.38 on Friday. The stock’s 50-day moving average price is $52.29 and its 200-day moving average price is $53.18. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The stock has a market capitalization of $49.44 billion, a price-to-earnings ratio of 36.18 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted 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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.