Shelton Capital Management Invests $491,000 in Copart, Inc. (CPRT)

Shelton Capital Management purchased a new position in Copart, Inc. (NASDAQ:CPRT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,434 shares of the business services provider’s stock, valued at approximately $491,000.

Several other large investors also recently bought and sold shares of CPRT. Winslow Evans & Crocker Inc. acquired a new stake in Copart during the 2nd quarter worth $100,000. Salem Investment Counselors Inc. raised its stake in Copart by 100.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after buying an additional 2,047 shares during the period. Parallel Advisors LLC raised its stake in Copart by 115.6% during the 1st quarter. Parallel Advisors LLC now owns 4,340 shares of the business services provider’s stock worth $131,000 after buying an additional 2,327 shares during the period. Smithfield Trust Co. raised its stake in Copart by 104.8% during the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock worth $171,000 after buying an additional 2,749 shares during the period. Finally, Huntington National Bank raised its stake in Copart by 136.5% during the 2nd quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock worth $179,000 after buying an additional 3,249 shares during the period. Institutional investors and hedge funds own 79.59% of the company’s stock.

In other Copart news, President Vincent W. Mitz sold 200,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the sale, the president now owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 160,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the sale, the director now directly owns 3,500 shares in the company, valued at approximately $120,155. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

WARNING: “Shelton Capital Management Invests $491,000 in Copart, Inc. (CPRT)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/10/shelton-capital-management-invests-491000-in-copart-inc-cprt.html.

Shares of Copart, Inc. (NASDAQ:CPRT) opened at 35.39 on Tuesday. The company’s 50-day moving average price is $33.13 and its 200 day moving average price is $34.14. The firm has a market cap of $8.17 billion, a P/E ratio of 21.32 and a beta of 1.19. Copart, Inc. has a 52 week low of $25.37 and a 52 week high of $35.53.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, September 19th. The business services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The business had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $355.42 million. Copart had a net margin of 27.23% and a return on equity of 31.83%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts anticipate that Copart, Inc. will post $1.43 earnings per share for the current year.

Several brokerages recently commented on CPRT. CJS Securities reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Copart in a research note on Thursday, October 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of Copart in a research note on Thursday, July 6th. Robert W. Baird raised their price objective on Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 21st. Finally, Zacks Inv

Several other large investors also recently bought and sold shares of CPRT. Winslow Evans & Crocker Inc. acquired a new stake in Copart during the 2nd quarter worth $100,000. Salem Investment Counselors Inc. raised its stake in Copart by 100.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after buying an additional 2,047 shares during the period. Parallel Advisors LLC raised its stake in Copart by 115.6% during the 1st quarter. Parallel Advisors LLC now owns 4,340 shares of the business services provider’s stock worth $131,000 after buying an additional 2,327 shares during the period. Smithfield Trust Co. raised its stake in Copart by 104.8% during the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock worth $171,000 after buying an additional 2,749 shares during the period. Finally, Huntington National Bank raised its stake in Copart by 136.5% during the 2nd quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock worth $179,000 after buying an additional 3,249 shares during the period. Institutional investors and hedge funds own 79.59% of the company’s stock.

In other Copart news, President Vincent W. Mitz sold 200,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the sale, the president now owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 160,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the sale, the director now directly owns 3,500 shares in the company, valued at approximately $120,155. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

WARNING: “Shelton Capital Management Invests $491,000 in Copart, Inc. (CPRT)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/10/shelton-capital-management-invests-491000-in-copart-inc-cprt.html.

Shares of Copart, Inc. (NASDAQ:CPRT) opened at 35.39 on Tuesday. The company’s 50-day moving average price is $33.13 and its 200 day moving average price is $34.14. The firm has a market cap of $8.17 billion, a P/E ratio of 21.32 and a beta of 1.19. Copart, Inc. has a 52 week low of $25.37 and a 52 week high of $35.53.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, September 19th. The business services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The business had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $355.42 million. Copart had a net margin of 27.23% and a return on equity of 31.83%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts anticipate that Copart, Inc. will post $1.43 earnings per share for the current year.

Several brokerages recently commented on CPRT. CJS Securities reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Copart in a research note on Thursday, October 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of Copart in a research note on Thursday, July 6th. Robert W. Baird raised their price objective on Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 21st. Finally, Zacks Investment Research downgraded Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Copart has an average rating of “Hold” and a consensus target price of $37.33.

Copart Profile

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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