Stephens Investment Management Group LLC Sells 3,539 Shares of Copart, Inc. (CPRT)

Stephens Investment Management Group LLC lowered its holdings in Copart, Inc. (NASDAQ:CPRT) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,035 shares of the business services provider’s stock after selling 3,539 shares during the period. Stephens Investment Management Group LLC’s holdings in Copart were worth $4,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New Amsterdam Partners LLC NY boosted its holdings in Copart by 19.3% in the 4th quarter. New Amsterdam Partners LLC NY now owns 65,092 shares of the business services provider’s stock valued at $2,811,000 after purchasing an additional 10,508 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Copart by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock valued at $1,839,000 after purchasing an additional 1,265 shares during the period. Aperio Group LLC boosted its holdings in Copart by 6.0% in the 4th quarter. Aperio Group LLC now owns 119,531 shares of the business services provider’s stock valued at $5,163,000 after purchasing an additional 6,806 shares during the period. Telemus Capital LLC bought a new stake in Copart in the 4th quarter valued at about $9,050,000. Finally, Comerica Bank boosted its holdings in Copart by 1.0% in the 4th quarter. Comerica Bank now owns 173,484 shares of the business services provider’s stock valued at $7,759,000 after purchasing an additional 1,782 shares during the period. 78.08% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on CPRT shares. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, November 21st. BidaskClub downgraded shares of Copart from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, November 24th. Gabelli restated a “hold” rating on shares of Copart in a research report on Friday, November 24th. Finally, Jefferies Group boosted their target price on shares of Copart to $40.00 and gave the company a “hold” rating in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $44.17.

In other news, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total value of $2,950,013.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total transaction of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Copart, Inc. (NASDAQ:CPRT) opened at $40.75 on Friday. The company has a market cap of $9,654.63, a P/E ratio of 31.84, a PEG ratio of 1.36 and a beta of 1.12. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. Copart, Inc. has a 12-month low of $28.44 and a 12-month high of $46.09.

Copart (NASDAQ:CPRT) last issued its earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million during the quarter, compared to analysts’ expectations of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same period in the previous year, the company earned $0.29 EPS. sell-side analysts predict that Copart, Inc. will post 1.52 earnings per share for the current fiscal year.

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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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