Fulton Breakefield Broenniman LLC acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,871 shares of the business services provider’s stock, valued at approximately $311,000.
Several other institutional investors have also recently bought and sold shares of CPRT. Envestnet Asset Management Inc. lifted its holdings in shares of Copart by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 235,650 shares of the business services provider’s stock valued at $18,930,000 after purchasing an additional 9,255 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Copart by 10.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 142,750 shares of the business services provider’s stock worth $11,468,000 after purchasing an additional 13,891 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in shares of Copart by 180.2% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 10,405 shares of the business services provider’s stock worth $836,000 after purchasing an additional 6,691 shares during the period. West Coast Financial LLC lifted its position in Copart by 6.0% during the third quarter. West Coast Financial LLC now owns 7,018 shares of the business services provider’s stock valued at $564,000 after acquiring an additional 400 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its position in Copart by 0.4% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 44,259 shares of the business services provider’s stock valued at $3,555,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.
Shares of NASDAQ:CPRT traded down $0.16 during midday trading on Friday, hitting $81.46. The company’s stock had a trading volume of 1,541,200 shares, compared to its average volume of 1,340,618. The business’s 50 day simple moving average is $81.80 and its 200 day simple moving average is $75.82. The company has a market cap of $19.11 billion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81. Copart, Inc. has a 12-month low of $44.61 and a 12-month high of $85.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 2.44.
Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $542.60 million during the quarter, compared to the consensus estimate of $517.84 million. Copart had a net margin of 28.98% and a return on equity of 32.83%. The company’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. On average, sell-side analysts predict that Copart, Inc. will post 2.67 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on CPRT shares. Guggenheim raised shares of Copart from a “neutral” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Friday, October 18th. BidaskClub lowered shares of Copart from a “hold” rating to a “sell” rating in a research note on Saturday. Barrington Research restated a “hold” rating on shares of Copart in a research note on Wednesday, September 11th. Robert W. Baird set a $85.00 price objective on shares of Copart and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Copart from $62.00 to $71.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Copart has an average rating of “Hold” and an average price target of $80.40.
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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