Teachers Advisors LLC reduced its position in Copart, Inc. (NASDAQ:CPRT) by 7.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 183,479 shares of the company’s stock after selling 15,391 shares during the period. Teachers Advisors LLC owned 0.16% of Copart worth $9,827,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its stake in Copart by 2.3% in the third quarter. BlackRock Fund Advisors now owns 3,565,895 shares of the company’s stock worth $190,989,000 after buying an additional 80,384 shares during the period. BlackRock Inc. boosted its stake in Copart by 10.3% in the third quarter. BlackRock Inc. now owns 58,614 shares of the company’s stock worth $3,139,000 after buying an additional 5,492 shares during the period. BlackRock Advisors LLC boosted its stake in Copart by 0.8% in the third quarter. BlackRock Advisors LLC now owns 54,613 shares of the company’s stock worth $2,925,000 after buying an additional 452 shares during the period. British Airways Pensions Investment Management Ltd boosted its stake in Copart by 29.4% in the third quarter. British Airways Pensions Investment Management Ltd now owns 318,211 shares of the company’s stock worth $17,034,000 after buying an additional 72,373 shares during the period. Finally, Montag A & Associates Inc. boosted its stake in Copart by 0.6% in the third quarter. Montag A & Associates Inc. now owns 35,985 shares of the company’s stock worth $1,927,000 after buying an additional 210 shares during the period. 79.72% of the stock is currently owned by institutional investors and hedge funds.
Copart, Inc. (NASDAQ:CPRT) traded up 0.41% during trading on Wednesday, hitting $56.94. 48,240 shares of the stock traded hands. The stock has a market cap of $6.52 billion, a P/E ratio of 17.74 and a beta of 0.96. Copart, Inc. has a 52 week low of $32.26 and a 52 week high of $57.03. The firm’s 50-day moving average is $55.50 and its 200 day moving average is $52.52.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Monday, November 21st. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. Copart had a net margin of 29.00% and a return on equity of 35.43%. The firm had revenue of $345.99 million for the quarter, compared to the consensus estimate of $326.11 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. Equities research analysts forecast that Copart, Inc. will post $2.46 earnings per share for the current fiscal year.
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A number of research firms recently weighed in on CPRT. Stephens cut shares of Copart from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 23rd. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Monday, September 26th. Bank of America Corporation raised shares of Copart from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $63.00 in a research note on Friday, September 23rd. Barrington Research cut shares of Copart from an “outperform” rating to a “market perform” rating in a research note on Friday, September 23rd. Finally, Jefferies Group raised their target price on shares of Copart from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, September 22nd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $55.57.
In other news, Director James E. Meeks sold 64,222 shares of the business’s stock in a transaction on Friday, October 14th. The shares were sold at an average price of $54.09, for a total value of $3,473,767.98. Following the sale, the director now owns 13,925 shares in the company, valued at approximately $753,203.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vikrant Bhatia sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $56.46, for a total transaction of $169,380.00. Following the completion of the sale, the executive vice president now owns 3,181 shares in the company, valued at approximately $179,599.26. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by insiders.
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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