Lafleur Godfrey Lowers stake in Copart (CPRT)

Copart (CPRT) : Lafleur Godfrey reduced its stake in Copart by 2.7% during the most recent quarter end. The investment management company now holds a total of 152,218 shares of Copart which is valued at $7,705,275 after selling 4,225 shares in Copart , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Copart makes up approximately 2.17% of Lafleur Godfrey’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in CPRT by selling 128,704 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 2,939,324 shares of CPRT which is valued at $148,788,581. Copart makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Edge Asset Management Inc reduced its stake in CPRT by selling 277,350 shares or 64.17% in the most recent quarter. The Hedge Fund company now holds 154,850 shares of CPRT which is valued at $7,804,440. Copart makes up approx 0.07% of Edge Asset Management Inc’s portfolio.Victory Capital Management Inc boosted its stake in CPRT in the latest quarter, The investment management firm added 959 additional shares and now holds a total of 18,010 shares of Copart which is valued at $912,747.Retirement Systems Of Alabama reduced its stake in CPRT by selling 3,023 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 128,400 shares of CPRT which is valued at $6,586,920. Copart makes up approx 0.04% of Retirement Systems Of Alabama’s portfolio.

Copart opened for trading at $52 and hit $52.43 on the upside on Friday, eventually ending the session at $52.17, with a gain of 0.19% or 0.1 points. The heightened volatility saw the trading volume jump to 5,20,069 shares. Company has a market cap of $5,706 M.

On the company’s financial health, Copart reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.54. The company had revenue of $347.20 million for the quarter, compared to analysts expectations of $320.52 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Copart Inc. is a provider of online auctions and vehicle remarketing services in the United States Canada the United Kingdom the United Arab Emirates Oman Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). It sells vehicles primarily to insurance companies and also to banks and financial institutions charities car dealerships fleet operators and vehicle rental companies. It sells the vehicles to licensed vehicle dismantlers rebuilders repair licensees used vehicle dealers and exporters and at certain locations to the general public. The Company that sells vehicles on behalf of insurance companies are either damaged vehicles deemed a total loss or not economically repairable by the insurance companies or are recovered stolen vehicles.

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