Paloma Partners Management Co decreased its position in Copart, Inc. (NASDAQ:CPRT) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,122 shares of the business services provider’s stock after selling 1,410 shares during the quarter. Paloma Partners Management Co’s holdings in Copart were worth $1,689,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its position in shares of Copart by 3.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock valued at $1,839,000 after buying an additional 1,265 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Copart by 3.2% during the third quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock worth $1,544,000 after buying an additional 1,382 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Copart by 6.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 25,164 shares of the business services provider’s stock worth $1,087,000 after buying an additional 1,442 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Copart by 8.4% during the third quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock worth $792,000 after buying an additional 1,778 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Copart by 1.0% during the fourth quarter. Comerica Bank now owns 173,484 shares of the business services provider’s stock worth $7,759,000 after buying an additional 1,782 shares in the last quarter. 81.02% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Matt Blunt sold 13,333 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $50.74, for a total transaction of $676,516.42. Following the sale, the director now owns 3,333 shares in the company, valued at approximately $169,116.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.40% of the company’s stock.
CPRT has been the topic of a number of research analyst reports. SunTrust Banks initiated coverage on shares of Copart in a research report on Thursday, March 22nd. They set a “buy” rating and a $58.00 price target on the stock. BidaskClub raised shares of Copart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 21st. Stephens set a $54.00 price objective on shares of Copart and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Jefferies Group restated a “hold” rating and issued a $47.00 target price on shares of Copart in a report on Tuesday, February 27th. Finally, Barrington Research restated a “hold” rating on shares of Copart in a report on Tuesday, February 27th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $47.86.
CPRT traded down $1.09 on Friday, hitting $49.66. The company’s stock had a trading volume of 1,524,774 shares, compared to its average volume of 1,205,035. The company has a current ratio of 1.78, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. Copart, Inc. has a 12 month low of $28.89 and a 12 month high of $51.77. The company has a market cap of $11,773.71, a PE ratio of 38.50, a price-to-earnings-growth ratio of 1.45 and a beta of 0.96.
Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Monday, February 26th. The business services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The firm had revenue of $459.11 million during 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 business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. research analysts forecast that Copart, Inc. will post 1.74 earnings per share for the current fiscal year.
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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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