Qube Research & Technologies Ltd Lowers Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Qube Research & Technologies Ltd lessened its stake in Copart, Inc. (NASDAQ:CPRT – Get Rating) by 35.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,808 shares of the business services provider’s stock after selling 61,647 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Copart were worth $14,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CPRT. Perkins Coie Trust Co boosted its holdings in shares of Copart by 78.4% in the 1st quarter. Perkins Coie Trust Co now owns 264 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 116 shares during the last quarter. American National Bank lifted its holdings in shares of Copart by 58.2% during the 1st quarter. American National Bank now owns 280 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 103 shares in the last quarter. Rather & Kittrell Inc. acquired a new position in shares of Copart during the 4th quarter valued at $37,000. NuWave Investment Management LLC lifted its holdings in shares of Copart by 91.5% during the 1st quarter. NuWave Investment Management LLC now owns 362 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 173 shares in the last quarter. Finally, Covestor Ltd acquired a new position in shares of Copart during the 4th quarter valued at $57,000. Institutional investors and hedge funds own 87.14% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $129.22 on Friday. Copart, Inc. has a 12 month low of $102.21 and a 12 month high of $161.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.47 and a quick ratio of 5.35. The firm has a market capitalization of $30.71 billion, a P/E ratio of 28.78 and a beta of 1.15. The company’s fifty day moving average price is $115.09 and its two-hundred day moving average price is $118.74.

Copart (NASDAQ:CPRT – Get Rating) last released its earnings results on Wednesday, May 18th. The business services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. The company had revenue of $939.94 million during the quarter, compared to the consensus estimate of $860.41 million. Copart had a net margin of 32.15% and a return on equity of 26.69%. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, research analysts anticipate that Copart, Inc. will post 4.42 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other news, Director Matt Blunt sold 10,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $115.72, for a total value of $1,157,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Daniel J. Englander sold 80,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $110.78, for a total transaction of $8,862,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matt Blunt sold 10,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $115.72, for a total transaction of $1,157,200.00. The disclosure for this sale can be found here. Insiders own 11.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stephens lifted their target price on shares of Copart to $145.00 and gave the company an “overweight” rating in a report on Friday, May 20th. Guggenheim cut their price objective on shares of Copart to $151.00 in a report on Friday, May 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Copart presently has a consensus rating of “Hold” and an average target price of $157.75.

Copart Company Profile

(Get Rating)

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.