King Luther Capital Management Corp boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 4.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 611,049 shares of the business services provider’s stock after purchasing an additional 23,592 shares during the quarter. King Luther Capital Management Corp owned 0.26% of Copart worth $21,002,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Copart in the second quarter valued at approximately $485,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Copart in the second quarter valued at approximately $1,418,000. Swiss National Bank boosted its holdings in shares of Copart by 0.8% in the third quarter. Swiss National Bank now owns 346,700 shares of the business services provider’s stock valued at $11,916,000 after buying an additional 2,900 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Copart by 106.5% in the second quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider’s stock valued at $235,810,000 after buying an additional 3,826,242 shares during the period. Finally, Capital Fund Management S.A. acquired a new position in shares of Copart in the second quarter valued at approximately $4,179,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Copart, Inc. (NASDAQ CPRT) opened at $43.52 on Wednesday. Copart, Inc. has a 1-year low of $27.06 and a 1-year high of $43.72. The company has a market cap of $10,070.00, a price-to-earnings ratio of 32.10, a P/E/G ratio of 1.42 and a beta of 1.30. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46.
Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The business had revenue of $419.17 million during the quarter, compared to analysts’ expectations of $377.37 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. analysts forecast that Copart, Inc. will post 1.5 EPS for the current fiscal year.
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 directly owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The transaction 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 stock was 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 $120,155. The disclosure for this sale can be found here. Insiders have sold 476,667 shares of company stock valued at $17,252,147 in the last 90 days. 16.40% of the stock is currently owned by corporate insiders.
CPRT has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, November 21st. Wolfe Research initiated coverage on shares of Copart in a report on Tuesday, November 7th. They issued a “market perform” rating for the company. Jefferies Group upped their price target on shares of Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. Finally, CJS Securities reiterated an “outperform” rating and issued a $42.00 price target on shares of Copart in a report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Copart has a consensus rating of “Hold” and an average price target of $41.40.
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.
Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT).
Receive News & Ratings for Copart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart Inc. and related companies with MarketBeat.com's FREE daily email newsletter.