Dai Ichi Life Insurance Company Ltd lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 55.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,238 shares of the business services provider’s stock after selling 2,817 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Copart were worth $295,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sei Investments Co. raised its holdings in Copart by 2.4% in the 1st quarter. Sei Investments Co. now owns 59,004 shares of the business services provider’s stock valued at $6,578,000 after acquiring an additional 1,405 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in shares of Copart in the 1st quarter valued at approximately $291,000. Quadrant Capital Group LLC grew its stake in shares of Copart by 15.4% in the 1st quarter. Quadrant Capital Group LLC now owns 718 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 96 shares during the period. Prudential Financial Inc. grew its stake in shares of Copart by 58.6% in the 1st quarter. Prudential Financial Inc. now owns 270,857 shares of the business services provider’s stock valued at $29,417,000 after purchasing an additional 100,091 shares during the period. Finally, Cresset Asset Management LLC grew its stake in shares of Copart by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 7,303 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 255 shares during the period. 81.28% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the company. Barrington Research reiterated a “market perform” rating on shares of Copart in a research note on Wednesday, September 8th. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, August 31st. Robert W. Baird increased their price target on Copart from $130.00 to $150.00 and gave the stock an “average” rating in a research report on Friday, September 10th. Truist increased their price target on Copart from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, September 10th. Finally, Truist Securities increased their price target on Copart from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, September 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $143.83.
Shares of CPRT opened at $139.82 on Thursday. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 35.94 and a beta of 1.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.94 and a current ratio of 4.04. The business’s fifty day moving average price is $142.64 and its two-hundred day moving average price is $133.24. Copart, Inc. has a 52 week low of $101.92 and a 52 week high of $152.75.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, September 7th. The business services provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.12. The firm had revenue of $748.63 million for the quarter, compared to analyst estimates of $686.93 million. Copart had a return on equity of 28.62% and a net margin of 34.78%. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. As a group, research analysts forecast that Copart, Inc. will post 3.92 EPS for the current 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.
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