Copart, Inc. (NASDAQ:CPRT) Director Matt Blunt sold 13,333 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $50.74, for a total transaction of $676,516.42. Following the completion of the transaction, the director now owns 3,333 shares in the company, valued at approximately $169,116.42. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NASDAQ CPRT traded down $1.09 during midday trading on Friday, reaching $49.66. 1,524,774 shares of the stock traded hands, compared to its average volume of 1,205,035. The company has a market capitalization of $11,773.71, a P/E ratio of 38.50, a P/E/G ratio of 1.45 and a beta of 0.96. Copart, Inc. has a one year low of $28.89 and a one year high of $51.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.78.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Monday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. Copart had a return on equity of 30.94% and a net margin of 20.95%. The company had revenue of $459.11 million during the quarter, compared to the consensus estimate of $427.11 million. During the same period last year, the company earned $0.29 earnings per share. Copart’s revenue was up 31.4% on a year-over-year basis. equities analysts predict that Copart, Inc. will post 1.74 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Copart by 2.3% during the fourth 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 during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Copart by 11.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,315,954 shares of the business services provider’s stock valued at $251,449,000 after buying an additional 759,422 shares during the period. Alliancebernstein L.P. increased its stake in shares of Copart by 2.1% during the fourth quarter. Alliancebernstein L.P. now owns 6,985,582 shares of the business services provider’s stock valued at $301,707,000 after buying an additional 142,202 shares during the period. JPMorgan Chase & Co. boosted its position in Copart by 38.3% during the third quarter. JPMorgan Chase & Co. now owns 4,601,214 shares of the business services provider’s stock valued at $157,776,000 after purchasing an additional 1,274,507 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Copart by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,787,054 shares of the business services provider’s stock valued at $120,373,000 after purchasing an additional 11,360 shares in the last quarter. Institutional investors and hedge funds own 81.02% of the company’s stock.
A number of equities analysts have weighed in on the company. BidaskClub raised Copart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 21st. SunTrust Banks started coverage on Copart in a research report on Thursday, March 22nd. They issued a “buy” rating and a $58.00 target price for the company. Stephens set a $54.00 price target on shares of Copart and gave the company a “buy” rating in a research report on Tuesday, February 27th. Consumer Edge raised shares of Copart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 27th. Finally, Jefferies Group reissued a “hold” rating and issued a $47.00 target price on shares of Copart in a report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $47.86.
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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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