AMP Capital Investors Ltd boosted its position in Copart, Inc. (NASDAQ:CPRT) by 22.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 176,353 shares of the business services provider’s stock after purchasing an additional 31,948 shares during the quarter. AMP Capital Investors Ltd’s holdings in Copart were worth $9,015,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Blair William & Co. IL raised its position in shares of Copart by 43.5% during the 3rd quarter. Blair William & Co. IL now owns 141,827 shares of the business services provider’s stock worth $7,308,000 after buying an additional 43,024 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Copart by 185.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 121,975 shares of the business services provider’s stock worth $6,285,000 after buying an additional 79,175 shares in the last quarter. Aviva PLC bought a new stake in shares of Copart during the 3rd quarter worth about $7,675,000. Dimensional Fund Advisors LP raised its position in shares of Copart by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,390,342 shares of the business services provider’s stock worth $71,640,000 after buying an additional 84,490 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Copart by 18.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 16,641 shares of the business services provider’s stock worth $858,000 after buying an additional 2,553 shares in the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.
Several equities analysts have recently issued reports on CPRT shares. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, September 18th. Gabelli raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Thursday, September 20th. Northcoast Research reaffirmed a “neutral” rating on shares of Copart in a research note on Monday, September 17th. BidaskClub raised shares of Copart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 5th. Finally, SunTrust Banks set a $63.00 price objective on shares of Copart and gave the stock a “buy” rating in a research note on Thursday, September 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.14.
Shares of CPRT opened at $49.28 on Thursday. The company has a market capitalization of $11.98 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.04 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.92 and a current ratio of 3.00. Copart, Inc. has a 12-month low of $39.21 and a 12-month high of $67.08.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, November 20th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $461.40 million for the quarter, compared to analysts’ expectations of $460.09 million. Copart had a net margin of 24.59% and a return on equity of 29.95%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. As a group, research analysts forecast that Copart, Inc. will post 2.12 EPS for the current fiscal year.
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Copart Company Profile
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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