Baader Bank Aktiengesellschaft Boosts Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Baader Bank Aktiengesellschaft boosted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 37.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,820 shares of the business services provider's stock after buying an additional 12,160 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Copart were worth $2,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CPRT. Harvest Fund Management Co. Ltd lifted its position in shares of Copart by 7.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 61,039 shares of the business services provider's stock worth $3,453,000 after purchasing an additional 4,321 shares during the period. First Foundation Advisors raised its stake in Copart by 8.0% in the first quarter. First Foundation Advisors now owns 71,525 shares of the business services provider's stock worth $4,048,000 after buying an additional 5,306 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Copart in the first quarter worth about $885,000. Meeder Asset Management Inc. boosted its position in Copart by 4,252.4% during the 1st quarter. Meeder Asset Management Inc. now owns 21,327 shares of the business services provider's stock valued at $1,207,000 after acquiring an additional 20,837 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in shares of Copart by 5.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 19,718 shares of the business services provider's stock worth $1,116,000 after acquiring an additional 934 shares during the period. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 0.4%

Shares of NASDAQ:CPRT traded up $0.18 on Friday, hitting $45.51. 5,688,018 shares of the company traded hands, compared to its average volume of 6,986,555. The stock has a 50 day simple moving average of $48.47 and a 200-day simple moving average of $54.60. The company has a market cap of $44.01 billion, a PE ratio of 29.94 and a beta of 1.04. Copart, Inc. has a 52 week low of $45.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Copart had a net margin of 32.21% and a return on equity of 18.20%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.39 EPS. Copart's revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity at Copart

In related news, CEO Jeffrey Liaw sold 24,088 shares of Copart stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total value of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares in the company, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CPRT. Stephens assumed coverage on Copart in a research note on Tuesday, July 8th. They issued an "equal weight" rating and a $50.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, Robert W. Baird decreased their price target on shares of Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th.

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.