361 Capital LLC cut its position in Copart, Inc. (NASDAQ:CPRT) by 51.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,460 shares of the business services provider’s stock after selling 58,218 shares during the quarter. 361 Capital LLC’s holdings in Copart were worth $1,906,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CPRT. Salem Investment Counselors Inc. grew its position in shares of Copart by 100.0% in the second quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 2,047 shares in the last quarter. Parallel Advisors LLC grew its position in 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 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. Huntington National Bank grew its position 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 buying an additional 3,249 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Copart by 216.3% during the third quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock worth $189,000 after buying an additional 3,755 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.
In other Copart news, Director James E. Meeks sold 160,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the sale, the director now directly owns 3,500 shares in the company, valued at approximately $120,155. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Vincent W. Mitz sold 200,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $34.32, for a total value of $6,864,000.00. Following the transaction, the president now directly owns 47,660 shares in the company, valued at $1,635,691.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 476,667 shares of company stock worth $17,252,147. Company insiders own 16.40% of the company’s stock.
Several brokerages have issued reports on CPRT. J P Morgan Chase & Co lifted their price target on Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, November 24th. Jefferies Group lifted their price target on Copart to $40.00 and gave the stock a “hold” rating in a research note on Thursday, November 23rd. Robert W. Baird reissued a “buy” rating and issued a $44.00 target price on shares of Copart in a research note on Friday, November 24th. Gabelli reissued a “hold” rating on shares of Copart in a research note on Friday, November 24th. Finally, CJS Securities reissued an “outperform” rating and issued a $42.00 target price on shares of Copart in a research note on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Copart has an average rating of “Hold” and an average price target of $41.40.
Copart, Inc. (NASDAQ CPRT) traded down $0.02 during mid-day trading on Monday, hitting $42.99. The company’s stock had a trading volume of 1,521,657 shares, compared to its average volume of 1,100,793. Copart, Inc. has a 1 year low of $27.06 and a 1 year high of $43.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 2.23. The stock has a market cap of $9,948.38, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million for the quarter, compared to the consensus estimate of $377.37 million. Copart had a return on equity of 29.96% and a net margin of 20.01%. During the same quarter in the prior year, the business posted $0.29 EPS. research analysts forecast that Copart, Inc. will post 1.5 earnings per share for the current year.
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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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