Penserra Capital Management LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 55.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,645 shares of the business services provider’s stock after purchasing an additional 33,440 shares during the period. Penserra Capital Management LLC’s holdings in Copart were worth $3,218,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. acquired a new stake in shares of Copart during the second quarter worth $100,000. Salem Investment Counselors Inc. grew its stake in shares of 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. BlueCrest Capital Management Ltd acquired a new stake in shares of Copart during the first quarter worth $254,000. Parallel Advisors LLC grew its stake in shares of 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. Finally, Smithfield Trust Co. grew its stake in shares of 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. 79.30% of the stock is owned by institutional investors and hedge funds.
In other news, President Vincent W. Mitz sold 200,000 shares of Copart stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $34.32, for a total value of $6,864,000.00. Following the completion of the transaction, the president now directly owns 47,660 shares of the company’s stock, valued at approximately $1,635,691.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Meeks sold 160,000 shares of Copart stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $34.33, for a total value of $5,492,800.00. Following the completion of the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at $120,155. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.
Copart, Inc. (CPRT) traded up 0.11% on Monday, reaching $35.92. The company’s stock had a trading volume of 204,493 shares. The firm’s 50-day moving average price is $34.69 and its 200-day moving average price is $32.03. 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 $8.29 billion, a price-to-earnings ratio of 21.64 and a beta of 1.19.
Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Tuesday, September 19th. The business services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Copart had a return on equity of 31.83% and a net margin of 27.23%. The firm had revenue of $378.60 million during the quarter, compared to analyst estimates of $355.42 million. During the same period last year, the company posted $0.31 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts expect that Copart, Inc. will post $1.43 earnings per share for the current year.
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A number of equities research analysts recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of Copart in a research note on Thursday, July 6th. Robert W. Baird lifted their price objective on Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 21st. Zacks Investment Research cut Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, CJS Securities reissued an “outperform” rating and issued a $42.00 target price on shares of Copart in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.33.
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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