Cable Hill Partners LLC Decreases Stake in Copart, Inc. (NASDAQ:CPRT)

Cable Hill Partners LLC reduced its position in Copart, Inc. (NASDAQ:CPRT) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,387 shares of the business services provider’s stock after selling 814 shares during the period. Cable Hill Partners LLC’s holdings in Copart were worth $230,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cadence Bank raised its position in Copart by 0.6% during the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after purchasing an additional 187 shares during the period. WASHINGTON TRUST Co raised its position in Copart by 0.3% during the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after purchasing an additional 200 shares during the period. Spinnaker Trust raised its position in Copart by 4.0% during the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 200 shares during the period. Values First Advisors Inc. raised its position in 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 period. Finally, Duncan Williams Asset Management LLC raised 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. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Down 1.0 %

Shares of NASDAQ:CPRT opened at $57.34 on Friday. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $58.58. The stock has a market cap of $55.24 billion, a P/E ratio of 41.25 and a beta of 1.27. The business’s 50 day moving average is $52.84 and its 200 day moving average is $53.11.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. On average, sell-side analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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