Burgundy Asset Management Ltd. grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 10.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 438,406 shares of the business services provider’s stock after buying an additional 41,017 shares during the quarter. Burgundy Asset Management Ltd. owned 0.19% of Copart worth $15,068,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Copart by 103.5% in the second quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider’s stock worth $514,387,000 after purchasing an additional 8,230,677 shares in the last quarter. BlackRock Inc. grew its stake in Copart by 103.6% in the second quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock worth $511,611,000 after purchasing an additional 8,189,852 shares in the last quarter. William Blair Investment Management LLC grew its stake in Copart by 91.4% in the second quarter. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider’s stock worth $334,636,000 after purchasing an additional 5,025,918 shares in the last quarter. Principal Financial Group Inc. grew its stake in 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 worth $235,810,000 after purchasing an additional 3,826,242 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its stake in Copart by 109.9% in the second quarter. Wasatch Advisors Inc. now owns 7,061,828 shares of the business services provider’s stock worth $224,496,000 after purchasing an additional 3,697,382 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on CPRT shares. Gabelli restated a “hold” rating on shares of Copart in a report on Friday, November 24th. Wolfe Research started coverage on Copart in a report on Tuesday, November 7th. They set a “market perform” rating for the company. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, November 21st. Robert W. Baird restated a “buy” rating and set a $44.00 target price on shares of Copart in a report on Friday, November 24th. Finally, CJS Securities restated an “outperform” rating and set a $42.00 target price on shares of Copart in a report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $41.40.
Shares of Copart, Inc. (NASDAQ CPRT) opened at $44.09 on Friday. Copart, Inc. has a twelve month low of $27.56 and a twelve month high of $44.42. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $10,190.00, a price-to-earnings ratio of 32.77, a PEG ratio of 1.45 and a beta of 1.30.
Copart (NASDAQ:CPRT) last issued its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million during the quarter, compared to analyst estimates of $377.37 million. Copart had a return on equity of 29.96% and a net margin of 20.01%. During the same quarter last year, the business posted $0.29 EPS. sell-side analysts expect that Copart, Inc. will post 1.5 earnings per share for the current year.
In related news, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total value of $4,895,347.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Vincent W. Mitz sold 200,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $34.32, for a total value of $6,864,000.00. Following the sale, the president now directly owns 47,660 shares in the company, valued at $1,635,691.20. The disclosure for this sale can be found here. Insiders sold a total of 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 company insiders.
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.
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