Swiss National Bank grew its stake in Copart, Inc. (NASDAQ:CPRT) by 24.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 812,005 shares of the business services provider’s stock after buying an additional 161,900 shares during the period. Swiss National Bank’s holdings in Copart were worth $55,639,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Aigen Investment Management LP acquired a new stake in Copart during the first quarter worth approximately $620,000. Mackay Shields LLC grew its stake in Copart by 2.0% during the first quarter. Mackay Shields LLC now owns 32,340 shares of the business services provider’s stock worth $2,216,000 after purchasing an additional 644 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Copart by 16.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 61,180 shares of the business services provider’s stock worth $4,193,000 after purchasing an additional 8,626 shares during the period. Wasatch Advisors Inc. grew its stake in Copart by 1.9% during the first quarter. Wasatch Advisors Inc. now owns 364,303 shares of the business services provider’s stock worth $24,962,000 after purchasing an additional 6,766 shares during the period. Finally, Cozad Asset Management Inc. acquired a new stake in Copart during the first quarter worth approximately $316,000. 78.63% of the stock is owned by institutional investors.
CPRT has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on Copart from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised Copart from an “underweight” rating to a “neutral” rating and set a $65.00 target price for the company in a research note on Thursday, April 23rd. SunTrust Banks cut their price target on Copart from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, May 18th. BidaskClub upgraded Copart from a “buy” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, Barrington Research started coverage on Copart in a report on Friday. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $83.89.
In other news, Chairman Willis J. Johnson sold 462,722 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $71.44, for a total value of $33,056,859.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 70,428 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $60.05, for a total value of $4,229,201.40. The disclosure for this sale can be found here. 14.34% of the stock is owned by company insiders.
CPRT stock opened at $86.25 on Friday. Copart, Inc. has a twelve month low of $55.69 and a twelve month high of $104.88. The company has a quick ratio of 2.08, a current ratio of 2.13 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $75.19 and its 200-day moving average is $85.34. The firm has a market capitalization of $20.19 billion, a PE ratio of 34.84 and a beta of 1.11.
Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, May 20th. The business services provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.06). Copart had a net margin of 30.95% and a return on equity of 30.34%. The company had revenue of $550.36 million during the quarter, compared to the consensus estimate of $547.05 million. During the same quarter in the prior year, the business earned $0.66 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Copart, Inc. will post 2.35 earnings per share for the current fiscal year.
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.
Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT).
Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.