Syntal Capital Partners LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 120.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,853 shares of the business services provider’s stock after acquiring an additional 9,761 shares during the period. Syntal Capital Partners LLC’s holdings in Copart were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in CPRT. Teachers Advisors LLC increased its position in shares of Copart by 19.0% during the first quarter. Teachers Advisors LLC now owns 201,299 shares of the business services provider’s stock valued at $12,466,000 after acquiring an additional 32,129 shares in the last quarter. PNC Financial Services Group Inc. increased its position 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 valued at $624,000 after acquiring an additional 72 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of Copart during the first quarter valued at approximately $556,000. Credit Suisse AG increased its position in shares of Copart by 17.2% during the first quarter. Credit Suisse AG now owns 225,737 shares of the business services provider’s stock valued at $13,980,000 after acquiring an additional 33,208 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Copart by 103.8% during the second quarter. Capstone Asset Management Co. now owns 22,952 shares of the business services provider’s stock valued at $730,000 after acquiring an additional 11,691 shares in the last quarter. 79.30% of the stock is owned by institutional investors.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. The business had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $355.42 million. Copart had a net margin of 27.23% and a return on equity of 31.83%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share.
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CPRT has been the subject of several analyst reports. CJS Securities reissued an “outperform” rating and set a $42.00 price target on shares of Copart in a research report on Thursday, October 5th. Zacks Investment Research downgraded shares of Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Robert W. Baird raised their price target on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $33.00 price target on shares of Copart in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $37.33.
In other Copart news, President Vincent W. Mitz sold 200,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the president now owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James E. Meeks sold 160,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $120,155. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.
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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