Nisa Investment Advisors LLC reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,240 shares of the business services provider’s stock after selling 21,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Copart were worth $4,848,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its holdings in shares of Copart by 100.0% during the 2nd 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. IFP Advisors Inc lifted its holdings in shares of Copart by 216.3% during the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,755 shares in the last quarter. Crow Point Partners LLC bought a new position in shares of Copart during the 3rd quarter valued at about $198,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Copart during the 2nd quarter valued at about $200,000. Finally, Private Advisor Group LLC bought a new position in shares of Copart during the 3rd quarter valued at about $200,000. Institutional investors own 78.62% of the company’s stock.
In other news, Director Matt Blunt sold 116,667 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 68,004 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.
Several equities analysts have recently weighed in on CPRT shares. Robert W. Baird lifted their price objective on Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, November 21st. Wolfe Research initiated coverage on Copart in a report on Tuesday, November 7th. They set a “market perform” rating on the stock. Jefferies Group boosted their target price on Copart to $40.00 and gave the company a “hold” rating in a research note on Thursday, November 23rd. Finally, CJS Securities restated an “outperform” rating and issued a $42.00 target price on shares of Copart in a research note on Thursday, October 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.00.
Shares of Copart, Inc. (NASDAQ:CPRT) opened at $44.32 on Wednesday. The company has a market capitalization of $10,373.98, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 2.23. Copart, Inc. has a 12 month low of $27.74 and a 12 month high of $45.26.
Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The firm had revenue of $419.17 million for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.29 EPS. equities research analysts expect that Copart, Inc. will post 1.52 earnings per share for the current fiscal 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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