Peregrine Capital Management LLC Buys 43,732 Shares of Copart, Inc. (CPRT)

Peregrine Capital Management LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,286,898 shares of the business services provider’s stock after acquiring an additional 43,732 shares during the period. Copart comprises about 1.1% of Peregrine Capital Management LLC’s portfolio, making the stock its 3rd largest position. Peregrine Capital Management LLC owned about 0.56% of Copart worth $44,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in shares of Copart by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 10,085 shares of the business services provider’s stock worth $624,000 after acquiring an additional 72 shares during the period. Parallel Advisors LLC raised its holdings 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 acquiring an additional 111 shares during the period. Aperio Group LLC raised its holdings in shares of Copart by 0.8% during the second quarter. Aperio Group LLC now owns 113,214 shares of the business services provider’s stock worth $3,599,000 after acquiring an additional 926 shares during the period. Atria Investments LLC raised its holdings in shares of Copart by 30.0% during the second quarter. Atria Investments LLC now owns 6,418 shares of the business services provider’s stock worth $204,000 after acquiring an additional 1,480 shares during the period. Finally, Virginia Retirement Systems ET AL raised its holdings in shares of Copart by 8.2% during the second quarter. Virginia Retirement Systems ET AL now owns 22,400 shares of the business services provider’s stock worth $712,000 after acquiring an additional 1,700 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

In other Copart news, Director James E. Meeks sold 160,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the transaction, the director now owns 3,500 shares in the company, valued at $120,155. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Vincent W. Mitz sold 200,000 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the transaction, the president now owns 47,660 shares in the company, valued at approximately $1,635,691.20. The disclosure for this sale can be found here. 17.00% of the stock is owned by insiders.

Copart, Inc. (NASDAQ:CPRT) remained flat at $35.88 on Monday. 28,282 shares of the company’s stock were exchanged. The firm has a market capitalization of $8.28 billion, a PE ratio of 21.61 and a beta of 1.19. The company has a 50-day moving average of $34.69 and a 200-day moving average of $32.03. Copart, Inc. has a one year low of $25.37 and a one year high of $36.65.

Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. Copart had a net margin of 27.23% and a return on equity of 31.83%. The company had revenue of $378.60 million for the quarter, compared to the consensus estimate of $355.42 million. During the same quarter in the previous year, the company earned $0.31 EPS. Copart’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast that Copart, Inc. will post $1.43 EPS for the current year.

CPRT has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “hold” rating and set a $33.00 price objective on shares of Copart in a report on Thursday, July 6th. Robert W. Baird raised their price objective on shares of Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 21st. CJS Securities restated an “outperform” rating and set a $42.00 price objective on shares of Copart in a report on Thursday, October 5th. Finally, Zacks Investment Research lowered shares of Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Copart has a consensus rating of “Hold” and an average price target of $37.33.

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Copart Profile

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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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