M Holdings Securities Inc. grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 95.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,698 shares of the business services provider’s stock after purchasing an additional 5,227 shares during the period. M Holdings Securities Inc.’s holdings in Copart were worth $340,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Winslow Evans & Crocker Inc. purchased a new stake in Copart during the second quarter worth about $100,000. Salem Investment Counselors Inc. increased its stake in Copart by 100.0% during the second quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after purchasing an additional 2,047 shares during the period. Parallel Advisors LLC increased its stake in Copart by 2.6% during the second quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock worth $140,000 after purchasing an additional 111 shares during the period. Smithfield Trust Co. increased its stake in Copart by 104.8% during the second quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock worth $171,000 after purchasing an additional 2,749 shares during the period. Finally, Huntington National Bank increased its stake in Copart by 136.5% during the second quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock worth $179,000 after purchasing an additional 3,249 shares during the period. Institutional investors own 79.57% of the company’s stock.
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In related news, Director James E. Meeks sold 160,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the sale, the director now directly owns 3,500 shares in the company, valued at approximately $120,155. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Vincent W. Mitz sold 200,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $34.32, for a total value of $6,864,000.00. Following the sale, the president now owns 47,660 shares in the company, valued at $1,635,691.20. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.
CPRT has been the topic of a number of recent research reports. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price target on shares of Copart in a research note on Thursday, July 6th. CJS Securities reiterated an “outperform” rating and set a $42.00 price target on shares of Copart in a research note on Thursday, October 5th. Robert W. Baird boosted their price target on shares of Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Copart presently has a consensus rating of “Hold” and a consensus price target of $37.33.
Shares of Copart, Inc. (CPRT) traded down 0.371% during mid-day trading on Friday, reaching $36.275. 111,831 shares of the company’s stock were exchanged. Copart, Inc. has a 52 week low of $25.37 and a 52 week high of $36.65. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 21.852 and a beta of 1.19. The stock has a 50 day moving average price of $34.14 and a 200 day moving average price of $31.77.
Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, September 19th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $378.60 million for the quarter, compared to the consensus estimate of $355.42 million. Copart had a return on equity of 31.83% and a net margin of 27.23%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Equities research analysts predict that Copart, Inc. will post $1.43 EPS for the current year.
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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