Apertura Capital buys $5,068,000 stake in Copart (CPRT)

Copart (CPRT) : Apertura Capital scooped up 25,000 additional shares in Copart during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 100,000 shares of Copart which is valued at $5,068,000.Copart makes up approximately 7.34% of Apertura Capital’s portfolio.

Other Hedge Funds, Including , Wesbanco Bank Inc boosted its stake in CPRT in the latest quarter, The investment management firm added 2,728 additional shares and now holds a total of 7,710 shares of Copart which is valued at $390,743. Copart makes up approx 0.02% of Wesbanco Bank Inc’s portfolio. Feltz Wealth Plan added CPRT to its portfolio by purchasing 108 company shares during the most recent quarter which is valued at $5,473.Mutual Of America Capital Management boosted its stake in CPRT in the latest quarter, The investment management firm added 4,825 additional shares and now holds a total of 73,632 shares of Copart which is valued at $3,681,600. Copart makes up approx 0.08% of Mutual Of America Capital Management’s portfolio.Proficio Capital Partners boosted its stake in CPRT in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 113 shares of Copart which is valued at $5,700.Louisiana State Employees Retirement System reduced its stake in CPRT by selling 1,800 shares or 6.36% in the most recent quarter. The Hedge Fund company now holds 26,500 shares of CPRT which is valued at $1,359,450. Copart makes up approx 0.07% of Louisiana State Employees Retirement System’s portfolio.

Copart opened for trading at $50.75 and hit $51.25 on the upside on Wednesday, eventually ending the session at $51.19, with a gain of 0.89% or 0.45 points. The heightened volatility saw the trading volume jump to 4,12,658 shares. Company has a market cap of $5,599 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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