Kornitzer Capital Management Inc. KS Takes $10.43 Million Position in Copart, Inc. (CPRT)

Kornitzer Capital Management Inc. KS purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 202,331 shares of the business services provider’s stock, valued at approximately $10,426,000. Kornitzer Capital Management Inc. KS owned 0.09% of Copart as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CPRT. Cornerstone Advisors Inc. grew its holdings in shares of Copart by 88.5% during the second quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the business services provider’s stock worth $112,000 after buying an additional 926 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in Copart by 0.8% during the second quarter. MetLife Investment Advisors LLC now owns 127,008 shares of the business services provider’s stock valued at $7,184,000 after purchasing an additional 1,052 shares during the last quarter. BB&T Securities LLC boosted its position in Copart by 9.0% during the second quarter. BB&T Securities LLC now owns 13,081 shares of the business services provider’s stock valued at $739,000 after purchasing an additional 1,084 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Copart by 36.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,396 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its position in Copart by 3.4% during the second quarter. Dupont Capital Management Corp now owns 36,647 shares of the business services provider’s stock valued at $2,073,000 after purchasing an additional 1,206 shares during the last quarter. 79.49% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on CPRT shares. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, September 18th. Gabelli raised Copart from a “hold” rating to a “buy” rating in a research report on Thursday, September 20th. Northcoast Research reaffirmed a “neutral” rating on shares of Copart in a research report on Monday, September 17th. BidaskClub raised Copart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. Finally, SunTrust Banks set a $63.00 price objective on Copart and gave the company a “buy” rating in a research report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $55.14.

Shares of NASDAQ CPRT opened at $51.18 on Monday. The company has a market cap of $11.98 billion, a PE ratio of 29.58, a PEG ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.92 and a current ratio of 3.00. Copart, Inc. has a 1-year low of $39.21 and a 1-year high of $67.08.

Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, November 20th. The business services provider reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $461.40 million for the quarter, compared to analyst estimates of $460.09 million. Copart had a return on equity of 29.95% and a net margin of 24.59%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. Equities research analysts predict that Copart, Inc. will post 2.12 earnings per share for the current year.

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Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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