Custom Index Systems LLC Invests $211,000 in Copart, Inc. (NASDAQ:CPRT)

Custom Index Systems LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the third quarter, HoldingsChannel reports. The firm acquired 4,018 shares of the business services provider’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Copart by 6.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 115,383 shares of the business services provider’s stock worth $6,045,000 after purchasing an additional 6,580 shares during the period. Clear Harbor Asset Management LLC boosted its stake in Copart by 1.1% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 159,290 shares of the business services provider’s stock worth $8,347,000 after buying an additional 1,795 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Copart by 74.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 71,541 shares of the business services provider’s stock valued at $3,749,000 after buying an additional 30,492 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Copart by 35.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 54,298 shares of the business services provider’s stock valued at $2,845,000 after acquiring an additional 14,117 shares during the last quarter. Finally, Forsta AP Fonden increased its stake in shares of Copart by 10.7% during the 3rd quarter. Forsta AP Fonden now owns 183,000 shares of the business services provider’s stock valued at $9,589,000 after acquiring an additional 17,700 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $51.71 on Monday. The firm has a market capitalization of $49.76 billion, a PE ratio of 36.42 and a beta of 1.27. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The business has a 50-day moving average of $52.30 and a two-hundred day moving average of $53.10.

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

Analysts Set New Price Targets

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

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.