We Are One Seven LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 87.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,620 shares of the business services provider’s stock after acquiring an additional 4,953 shares during the quarter. We Are One Seven LLC’s holdings in Copart were worth $643,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in CPRT. CSat Investment Advisory L.P. raised its holdings in Copart by 120.4% during the 4th quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock worth $25,000 after buying an additional 283 shares during the period. Doyle Wealth Management bought a new position in shares of Copart during the 4th quarter worth approximately $29,000. Lindbrook Capital LLC bought a new position in shares of Copart during the 4th quarter worth approximately $41,000. First Personal Financial Services grew its stake in shares of Copart by 142.6% during the 4th quarter. First Personal Financial Services now owns 1,368 shares of the business services provider’s stock worth $65,000 after acquiring an additional 804 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Copart by 2,981.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,084,103 shares of the business services provider’s stock worth $65,000 after acquiring an additional 2,984,019 shares in the last quarter. Institutional investors own 85.26% of the company’s stock.
Several equities analysts have recently weighed in on CPRT shares. BidaskClub raised shares of Copart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 15th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Monday, February 4th. Barrington Research reissued a “hold” rating on shares of Copart in a research note on Tuesday, February 19th. ValuEngine raised Copart from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Finally, SunTrust Banks raised their price target on Copart to $67.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $59.25.
Shares of CPRT traded up $0.32 during midday trading on Wednesday, reaching $65.50. 2,004 shares of the stock were exchanged, compared to its average volume of 1,190,134. The company has a market capitalization of $14.87 billion, a P/E ratio of 37.95, a P/E/G ratio of 1.52 and a beta of 0.95. Copart, Inc. has a twelve month low of $44.61 and a twelve month high of $67.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.61 and a current ratio of 1.69.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, February 20th. The business services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $484.90 million during the quarter, compared to the consensus estimate of $488.54 million. Copart had a return on equity of 30.20% and a net margin of 25.75%. Copart’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities research analysts predict that Copart, Inc. will post 2.15 earnings per share for the current fiscal year.
In other Copart news, EVP William E. Franklin sold 140,000 shares of Copart stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $58.44, for a total value of $8,181,600.00. Following the transaction, the executive vice president now owns 157,967 shares in the company, valued at $9,231,591.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 15.99% of the company’s stock.
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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.
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