OneDigital Investment Advisors LLC Reduces Holdings in Copart, Inc. (NASDAQ:CPRT)

OneDigital Investment Advisors LLC trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 40.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,955 shares of the business services provider's stock after selling 6,681 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Copart were worth $563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Silver Oak Securities Incorporated lifted its position in shares of Copart by 8.9% during the first quarter. Silver Oak Securities Incorporated now owns 11,785 shares of the business services provider's stock worth $650,000 after purchasing an additional 968 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Copart by 18.9% during the first quarter. D.A. Davidson & CO. now owns 10,369 shares of the business services provider's stock valued at $587,000 after buying an additional 1,645 shares during the period. Principal Financial Group Inc. increased its stake in shares of Copart by 3.3% during the first quarter. Principal Financial Group Inc. now owns 39,409,377 shares of the business services provider's stock valued at $2,230,177,000 after buying an additional 1,249,687 shares during the period. Mutual Advisors LLC increased its stake in shares of Copart by 7.1% during the first quarter. Mutual Advisors LLC now owns 19,609 shares of the business services provider's stock valued at $1,194,000 after buying an additional 1,293 shares during the period. Finally, Smart Money Group LLC increased its stake in shares of Copart by 34.7% during the first quarter. Smart Money Group LLC now owns 15,603 shares of the business services provider's stock valued at $883,000 after buying an additional 4,023 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Insider Transactions at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.68% of the stock is owned by company insiders.

Copart Stock Performance

CPRT traded down $0.53 on Friday, hitting $47.46. The company had a trading volume of 5,070,408 shares, compared to its average volume of 4,925,890. The stock has a fifty day moving average price of $53.03 and a 200-day moving average price of $55.71. Copart, Inc. has a 12-month low of $47.33 and a 12-month high of $64.38. The stock has a market capitalization of $45.89 billion, a price-to-earnings ratio of 31.22 and a beta of 1.07.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

CPRT has been the topic of several research reports. Stephens initiated coverage on Copart in a research note on Tuesday, July 8th. They set an "equal weight" rating and a $50.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd.

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.