Sigma Planning Corp bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,575 shares of the business services provider’s stock, valued at approximately $3,064,000.
A number of other institutional investors have also recently bought and sold shares of the business. CSat Investment Advisory L.P. raised its position in shares of Copart by 120.4% during the 4th quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock worth $25,000 after buying an additional 283 shares in the last quarter. Doyle Wealth Management bought a new stake in shares of Copart in the 4th quarter worth approximately $29,000. Lindbrook Capital LLC bought a new stake in shares of Copart in the 4th quarter worth approximately $41,000. First Personal Financial Services raised its holdings in shares of Copart by 142.6% in the 4th quarter. First Personal Financial Services now owns 1,368 shares of the business services provider’s stock worth $65,000 after purchasing an additional 804 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Copart by 2,981.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,084,103 shares of the business services provider’s stock worth $65,000 after purchasing an additional 2,984,019 shares in the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.
CPRT traded down $1.21 on Wednesday, reaching $70.49. 1,209,537 shares of the company traded hands, compared to its average volume of 1,330,556. Copart, Inc. has a 52-week low of $44.61 and a 52-week high of $72.60. The company has a market capitalization of $16.09 billion, a PE ratio of 40.75, a PEG ratio of 1.63 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 2.07.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, May 22nd. The business services provider reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. The firm had revenue of $553.12 million for the quarter, compared to the consensus estimate of $535.62 million. Copart had a net margin of 28.12% and a return on equity of 31.33%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Copart, Inc. will post 2.18 earnings per share for the current fiscal year.
In other Copart news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $71.00, for a total value of $3,550,000.00. Following the completion of the sale, the director now directly owns 50,000 shares of the company’s stock, valued at $3,550,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.99% of the company’s stock.
A number of research firms recently commented on CPRT. SunTrust Banks boosted their target price on shares of Copart to $78.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Barrington Research reissued a “hold” rating on shares of Copart in a research report on Friday, May 24th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday. Guggenheim downgraded shares of Copart from a “buy” rating to a “neutral” rating and set a $67.07 target price on the stock. in a research report on Friday, May 17th. Finally, ValuEngine raised shares of Copart from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Copart currently has an average rating of “Buy” and a consensus target price of $66.77.
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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.
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