Roundview Capital LLC Raises Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Roundview Capital LLC grew its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,817 shares of the business services provider's stock after acquiring an additional 11,618 shares during the quarter. Roundview Capital LLC's holdings in Copart were worth $8,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in shares of Copart by 3.3% in the 1st 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. Edgewood Management LLC grew its position in shares of Copart by 14.1% in the fourth quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after purchasing an additional 2,907,405 shares in the last quarter. Capital World Investors grew its position in shares of Copart by 0.8% in the fourth quarter. Capital World Investors now owns 21,353,932 shares of the business services provider's stock valued at $1,225,502,000 after purchasing an additional 169,354 shares in the last quarter. Geode Capital Management LLC grew its position in Copart by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock worth $1,097,153,000 after acquiring an additional 408,677 shares during the period. Finally, FMR LLC grew its position in Copart by 2.7% in the fourth quarter. FMR LLC now owns 14,504,704 shares of the business services provider's stock worth $832,425,000 after acquiring an additional 380,691 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Trading Up 0.9%

Copart stock traded up $0.42 during trading hours on Friday, reaching $46.69. 4,667,823 shares of the stock were exchanged, compared to its average volume of 5,698,123. The company has a market cap of $45.15 billion, a P/E ratio of 30.72 and a beta of 1.07. Copart, Inc. has a twelve month low of $45.52 and a twelve month high of $64.38. The stock has a 50 day moving average of $50.23 and a two-hundred day moving average of $55.02.

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

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total transaction 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 $1,463,798.61. The trade was a 43.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.68% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on CPRT. 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. Stephens initiated coverage on Copart in a report on Tuesday, July 8th. They set an "equal weight" rating and a $50.00 price objective on the stock. Finally, Robert W. Baird lowered their price target on Copart from $64.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th.

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.