MML Investors Services LLC acquired a new position in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,531 shares of the business services provider’s stock, valued at approximately $325,000.
Several other large investors have also modified their holdings of the business. BlackRock Inc. grew its stake in shares of Copart by 2.3% in the 4th quarter. BlackRock Inc. now owns 16,320,194 shares of the business services provider’s stock worth $704,869,000 after buying an additional 370,808 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Copart by 2.1% in the 4th quarter. Alliancebernstein L.P. now owns 6,985,582 shares of the business services provider’s stock worth $301,707,000 after buying an additional 142,202 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Copart by 38.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,601,214 shares of the business services provider’s stock worth $157,776,000 after buying an additional 1,274,507 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Copart by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,787,054 shares of the business services provider’s stock worth $120,373,000 after buying an additional 11,360 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Copart by 0.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,558,418 shares of the business services provider’s stock worth $87,933,000 after buying an additional 14,692 shares in the last quarter. 81.02% of the stock is owned by institutional investors and hedge funds.
CPRT has been the subject of a number of recent research reports. Stephens set a $49.00 price objective on shares of Copart and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, November 21st. BidaskClub cut shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Jefferies Group lifted their price objective on shares of Copart to $40.00 and gave the stock a “hold” rating in a research note on Thursday, November 23rd. Finally, Gabelli reissued a “hold” rating on shares of Copart in a research note on Friday, November 24th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.17.
Shares of CPRT stock opened at $51.26 on Wednesday. The stock has a market cap of $11,704.11, a PE ratio of 33.19, a PEG ratio of 1.44 and a beta of 1.02. The company has a quick ratio of 1.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. Copart, Inc. has a twelve month low of $28.89 and a twelve month high of $51.51.
Copart (NASDAQ:CPRT) last released its earnings results on Monday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The firm had revenue of $459.11 million during the quarter, compared to analyst estimates of $427.11 million. Copart had a net margin of 20.95% and a return on equity of 30.94%. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. research analysts expect that Copart, Inc. will post 1.74 earnings per share for the current fiscal year.
In other news, Director Matt Blunt sold 13,333 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $50.74, for a total value of $676,516.42. Following the completion of the sale, the director now owns 3,333 shares in the company, valued at approximately $169,116.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total transaction of $2,950,013.52. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.
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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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
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