Asset Management One Co. Ltd. increased its stake in Copart, Inc. (NASDAQ:CPRT) by 12.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,770 shares of the business services provider’s stock after acquiring an additional 12,771 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of Copart worth $8,801,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CPRT. Wesbanco Bank Inc. lifted its holdings in shares of Copart by 1.3% during the 1st quarter. Wesbanco Bank Inc. now owns 11,975 shares of the business services provider’s stock worth $725,000 after acquiring an additional 155 shares during the period. World Asset Management Inc raised its stake in shares of Copart by 1.4% in the second quarter. World Asset Management Inc now owns 13,060 shares of the business services provider’s stock worth $976,000 after acquiring an additional 178 shares during the last quarter. Keybank National Association OH raised its stake in shares of Copart by 1.3% in the first quarter. Keybank National Association OH now owns 17,829 shares of the business services provider’s stock worth $1,080,000 after acquiring an additional 225 shares during the last quarter. Hartford Investment Management Co. raised its stake in shares of Copart by 1.0% in the second quarter. Hartford Investment Management Co. now owns 22,136 shares of the business services provider’s stock worth $1,654,000 after acquiring an additional 230 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Copart by 0.5% during the 2nd quarter. Comerica Bank now owns 43,617 shares of the business services provider’s stock worth $3,360,000 after buying an additional 233 shares during the period. Institutional investors and hedge funds own 81.98% of the company’s stock.
CPRT has been the subject of a number of analyst reports. BidaskClub upgraded shares of Copart from a “hold” rating to a “buy” rating in a report on Friday. Barrington Research reissued a “hold” rating on shares of Copart in a research report on Wednesday, September 11th. ValuEngine lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on shares of Copart from $62.00 to $71.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Finally, Robert W. Baird set a $85.00 price target on shares of Copart and gave the company a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $75.21.
In other Copart news, insider William E. Franklin sold 41,007 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $77.37, for a total transaction of $3,172,711.59. Following the completion of the sale, the insider now owns 58,974 shares of the company’s stock, valued at approximately $4,562,818.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.99% of the company’s stock.
NASDAQ CPRT traded up $0.31 during trading hours on Friday, reaching $81.37. The company’s stock had a trading volume of 757,482 shares, compared to its average volume of 1,548,561. The firm has a fifty day simple moving average of $79.28 and a 200-day simple moving average of $73.08. The stock has a market cap of $18.69 billion, a P/E ratio of 36.16, a P/E/G ratio of 1.50 and a beta of 0.82. Copart, Inc. has a 52 week low of $44.61 and a 52 week high of $83.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 2.36.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $542.60 million during the quarter, compared to analyst estimates of $517.84 million. Copart had a net margin of 28.98% and a return on equity of 32.83%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. On average, research analysts expect that Copart, Inc. will post 2.67 earnings per share for the current year.
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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
Featured Article: What is the S&P 500 Index?
Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.