Candriam Luxembourg S.C.A. lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 123.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 226,943 shares of the business services provider’s stock after buying an additional 125,327 shares during the quarter. Candriam Luxembourg S.C.A. owned approximately 0.10% of Copart worth $7,800,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in CPRT. Winslow Evans & Crocker Inc. acquired a new position in shares of Copart during the second quarter worth about $100,000. Salem Investment Counselors Inc. grew its position in shares of Copart by 100.0% during the second quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after buying an additional 2,047 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Copart by 2.6% during the second quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock worth $140,000 after buying an additional 111 shares in the last quarter. Smithfield Trust Co. grew its position in shares of Copart by 104.8% during the second quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock worth $171,000 after buying an additional 2,749 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Copart by 136.5% during the second quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock worth $179,000 after purchasing an additional 3,249 shares during the last quarter. 79.44% of the stock is owned by institutional investors and hedge funds.
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In other news, President Vincent W. Mitz sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total value of $6,864,000.00. Following the transaction, the president now owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James E. Meeks sold 160,000 shares of the business’s 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 transaction, the director now directly owns 3,500 shares in the company, valued at approximately $120,155. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.
Shares of Copart, Inc. (NASDAQ:CPRT) traded up $0.23 during midday trading on Friday, reaching $35.85. The company’s stock had a trading volume of 1,037,100 shares, compared to its average volume of 973,027. 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 one year low of $26.41 and a one year high of $36.76. The stock has a market capitalization of $8,286.83, a PE ratio of 27.68, a P/E/G ratio of 1.33 and a beta of 1.24.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Tuesday, September 19th. The business services provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The company had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $355.42 million. Copart had a return on equity of 26.81% and a net margin of 18.59%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. equities analysts predict that Copart, Inc. will post 1.41 EPS for the current year.
Several equities research analysts recently weighed in on CPRT shares. Wolfe Research started coverage on Copart in a research note on Tuesday, November 7th. They set a “market perform” rating for the company. CJS Securities restated an “outperform” rating and set a $42.00 target price on shares of Copart in a research note on Thursday, October 5th. Robert W. Baird boosted their target price on 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 cut Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Copart presently has an average rating of “Hold” and a consensus price target of $37.33.
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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