Atria Investments LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 81.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,729 shares of the business services provider’s stock after buying an additional 16,041 shares during the period. Atria Investments LLC’s holdings in Copart were worth $1,841,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Copart by 27.3% in the second quarter. FMR LLC now owns 6,625,549 shares of the business services provider’s stock worth $374,741,000 after buying an additional 1,420,739 shares during the period. Northern Trust Corp increased its holdings in shares of Copart by 35.1% in the second quarter. Northern Trust Corp now owns 2,119,824 shares of the business services provider’s stock worth $119,897,000 after buying an additional 551,294 shares during the period. Bank of America Corp DE increased its holdings in shares of Copart by 1.2% in the second quarter. Bank of America Corp DE now owns 1,441,175 shares of the business services provider’s stock worth $81,512,000 after buying an additional 16,905 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Copart by 6.8% in the second quarter. Janus Henderson Group PLC now owns 1,355,709 shares of the business services provider’s stock worth $76,679,000 after buying an additional 86,514 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Copart by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,305,852 shares of the business services provider’s stock worth $73,856,000 after buying an additional 4,137 shares during the period. Hedge funds and other institutional investors own 83.11% of the company’s stock.
NASDAQ CPRT opened at $50.38 on Friday. The company has a current ratio of 2.56, a quick ratio of 2.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $11.97 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.00. Copart, Inc. has a 1 year low of $35.32 and a 1 year high of $67.08.
Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 19th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06). The business had revenue of $449.20 million during the quarter, compared to the consensus estimate of $448.64 million. Copart had a return on equity of 29.92% and a net margin of 23.14%. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. As a group, analysts anticipate that Copart, Inc. will post 2.15 EPS for the current fiscal year.
Several research analysts have recently commented on CPRT shares. BidaskClub upgraded Copart from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 21st. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, July 17th. Northcoast Research reiterated a “neutral” rating on shares of Copart in a report on Monday, September 17th. Finally, Barrington Research reissued a “hold” rating on shares of Copart in a research note on Tuesday, September 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $55.14.
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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