Cubist Systematic Strategies LLC Buys Shares of 16,392 Copart, Inc. (NASDAQ:CPRT)

Cubist Systematic Strategies LLC purchased a new position in Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,392 shares of the business services provider’s stock, valued at approximately $563,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its holdings in Copart by 3.2% in the 3rd quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock worth $1,544,000 after acquiring an additional 1,382 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in Copart by 8.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 22,400 shares of the business services provider’s stock worth $712,000 after acquiring an additional 1,700 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Copart by 8.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock worth $792,000 after acquiring an additional 1,778 shares during the last quarter. Navellier & Associates Inc raised its holdings in Copart by 9.9% in the 2nd quarter. Navellier & Associates Inc now owns 19,916 shares of the business services provider’s stock worth $633,000 after acquiring an additional 1,801 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in Copart by 100.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after acquiring an additional 2,047 shares during the last quarter. 78.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Copart, Inc. (CPRT) opened at $44.50 on Friday. The firm has a market cap of $10,280.00, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.26. Copart, Inc. has a 12 month low of $27.74 and a 12 month high of $44.76.

Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. The business had revenue of $419.17 million during the quarter, compared to analyst estimates of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same period in the previous year, the business earned $0.29 EPS. equities research analysts predict that Copart, Inc. will post 1.52 earnings per share for the current year.

A number of equities analysts recently weighed in on CPRT shares. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, November 21st. Robert W. Baird restated a “buy” rating and issued a $44.00 price objective on shares of Copart in a report on Friday, November 24th. BidaskClub upgraded shares of Copart from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Jefferies Group boosted their target price on shares of Copart to $40.00 and gave the company a “hold” rating in a research note on Thursday, November 23rd. Finally, Gabelli reiterated a “hold” rating on shares of Copart in a research note on Friday, November 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Copart has a consensus rating of “Hold” and a consensus price target of $41.80.

In other news, Director Daniel J. Englander sold 68,004 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matt Blunt sold 116,667 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total value of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

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Copart 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.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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