Epoch Investment Partners Inc. Has $113.05 Million Stake in Copart, Inc. $CPRT

Epoch Investment Partners Inc. raised its stake in Copart, Inc. (NASDAQ:CPRT) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,405,198 shares of the business services provider’s stock after acquiring an additional 49,642 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Copart were worth $113,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Lodestone Wealth Management LLC acquired a new position in Copart during the 4th quarter worth approximately $25,000. Cache Advisors LLC acquired a new stake in Copart in the first quarter valued at approximately $31,000. Reflection Asset Management bought a new stake in shares of Copart during the fourth quarter worth $34,000. Triumph Capital Management increased its holdings in shares of Copart by 424.2% during the fourth quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after buying an additional 823 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Copart by 129.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 761 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group set a $45.00 price objective on Copart in a research report on Friday, May 22nd. Barclays set a $26.00 price target on Copart and gave the stock an “underweight” rating in a report on Tuesday. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research report on Friday, June 26th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Copart Stock Up 2.7%

Shares of NASDAQ:CPRT opened at $27.94 on Friday. The firm has a market cap of $25.87 billion, a P/E ratio of 17.35 and a beta of 1.02. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11. The business has a fifty day simple moving average of $30.17 and a 200 day simple moving average of $34.07.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that Copart, Inc. will post 1.58 EPS for the current year.

About Copart

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.