Public Employees Retirement Association of Colorado trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,310 shares of the business services provider’s stock after selling 1,559 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Copart were worth $1,420,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of Copart by 216.3% in the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock worth $189,000 after acquiring an additional 3,755 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Copart by 25.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 92,295 shares of the business services provider’s stock worth $3,172,000 after acquiring an additional 18,548 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Copart by 4.6% in the 3rd quarter. Victory Capital Management Inc. now owns 67,949 shares of the business services provider’s stock worth $2,335,000 after acquiring an additional 2,970 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Copart in the 3rd quarter worth about $815,000. Finally, Penserra Capital Management LLC increased its stake in shares of Copart by 55.5% in the 3rd quarter. Penserra Capital Management LLC now owns 93,645 shares of the business services provider’s stock worth $3,218,000 after acquiring an additional 33,440 shares in the last quarter. 79.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Copart, Inc. (CPRT) opened at $35.85 on Friday. The firm has a market cap of $8,286.83, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 1.94. Copart, Inc. has a 12 month low of $26.41 and a 12 month high of $36.76.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Tuesday, September 19th. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $378.60 million during the quarter, compared to analyst estimates of $355.42 million. Copart had a net margin of 27.23% and a return on equity of 31.83%. Copart’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. equities research analysts predict that Copart, Inc. will post 1.41 earnings per share for the current year.
Several brokerages recently issued reports on CPRT. Wolfe Research began coverage on shares of Copart in a research note on Tuesday, November 7th. They issued a “market perform” rating for the company. CJS Securities reiterated an “outperform” rating and issued a $42.00 price target on shares of Copart in a research note on Thursday, October 5th. Robert W. Baird increased their price target on shares of Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $37.33.
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In other news, Director James E. Meeks sold 160,000 shares of Copart stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $34.33, for a total value of $5,492,800.00. Following the completion of the sale, the director now directly owns 3,500 shares in the company, valued at $120,155. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Vincent W. Mitz sold 200,000 shares of Copart stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the completion of the sale, the president now owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.
Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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