MML Investors Services LLC acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,531 shares of the business services provider’s stock, valued at approximately $325,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in CPRT. Congress Asset Management Co. MA bought a new stake in Copart during the 4th quarter valued at about $78,758,000. JPMorgan Chase & Co. lifted its holdings in Copart by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,601,214 shares of the business services provider’s stock valued at $157,776,000 after buying an additional 1,274,507 shares in the last quarter. BlackRock Inc. lifted its holdings in Copart by 2.3% during the 4th quarter. BlackRock Inc. now owns 16,320,194 shares of the business services provider’s stock valued at $704,869,000 after buying an additional 370,808 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Copart by 29.6% during the 3rd quarter. New York State Common Retirement Fund now owns 1,082,655 shares of the business services provider’s stock valued at $37,211,000 after buying an additional 247,555 shares in the last quarter. Finally, Telemus Capital LLC bought a new stake in Copart during the 4th quarter valued at about $9,050,000. Institutional investors own 81.02% of the company’s stock.
CPRT stock opened at $51.26 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. The company has a market cap of $11,704.11, a PE ratio of 33.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02. Copart, Inc. has a 12-month low of $28.89 and a 12-month high of $51.51.
Copart (NASDAQ:CPRT) last posted its earnings results on Monday, February 26th. The business services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The business had revenue of $459.11 million for the quarter, compared to the consensus estimate of $427.11 million. Copart had a net margin of 20.95% and a return on equity of 30.94%. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. equities research analysts expect that Copart, Inc. will post 1.74 earnings per share for the current fiscal year.
In other Copart news, Director Matt Blunt sold 13,333 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $50.74, for a total transaction of $676,516.42. Following the transaction, the director now owns 3,333 shares of the company’s stock, valued at approximately $169,116.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.
CPRT has been the subject of a number of research analyst reports. Stephens set a $49.00 price objective on shares of Copart and gave the company a “hold” rating in a report on Wednesday, January 17th. 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. BidaskClub lowered shares of Copart from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Jefferies Group lifted their price objective on shares of Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. Finally, Gabelli reiterated a “hold” rating on shares of Copart in a report on Friday, November 24th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Copart has an average rating of “Buy” and an average price target of $46.17.
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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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
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