Louisiana State Employees Retirement System trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,900 shares of the business services provider’s stock after selling 2,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Copart were worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its position 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 acquiring an additional 2,047 shares during the period. Nadler Financial Group Inc. acquired a new stake in Copart during the 4th quarter worth approximately $216,000. IFP Advisors Inc lifted its position in Copart by 216.3% during the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock worth $189,000 after acquiring an additional 3,755 shares during the period. Private Advisor Group LLC acquired a new stake in Copart during the 3rd quarter worth approximately $200,000. Finally, Crow Point Partners LLC acquired a new stake in Copart during the 3rd quarter worth approximately $198,000. 78.62% of the stock is owned by institutional investors.
In other news, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.
A number of research firms have weighed in on CPRT. Stephens set a $49.00 price objective on Copart and gave the stock a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, November 24th. Robert W. Baird increased their price objective on Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 21st. Jefferies Group increased their price objective on Copart to $40.00 and gave the stock a “hold” rating in a research report on Thursday, November 23rd. Finally, CJS Securities reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Copart in a research report on Thursday, October 5th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.00.
Shares of Copart, Inc. (NASDAQ:CPRT) opened at $44.33 on Thursday. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $10,251.39, a P/E ratio of 34.63, a PEG ratio of 1.44 and a beta of 1.30. Copart, Inc. has a 1-year low of $27.74 and a 1-year high of $45.26.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The business had revenue of $419.17 million during the quarter, compared to analysts’ expectations of $377.37 million. Copart had a return on equity of 29.96% and a net margin of 20.01%. During the same period last year, the firm earned $0.29 EPS. sell-side analysts anticipate that Copart, Inc. will post 1.52 earnings per share for the current fiscal year.
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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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