Paradiem LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, Samuel Edwards reports. The firm bought 20,913 shares of the business services provider’s stock, valued at approximately $2,264,000.
Several other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its position in shares of Copart by 0.5% during the 3rd quarter. US Bancorp DE now owns 4,272,602 shares of the business services provider’s stock valued at $449,307,000 after acquiring an additional 20,782 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Copart by 5.7% in the third quarter.
JPMorgan Chase & Co. now owns 2,860,032 shares of the business services provider’s stock valued at $302,421,000 after buying an additional 153,697 shares in the last quarter. Blair William & Co. IL boosted its position in Copart by 1.3% in the third quarter. Blair William & Co. IL now owns 1,369,743 shares of the business services provider’s stock valued at $144,042,000 after buying an additional 17,443 shares in the last quarter.
Jarislowsky Fraser Ltd boosted its position in Copart by 7.4% in the third quarter. Jarislowsky Fraser Ltd now owns 1,274,240 shares of the business services provider’s stock valued at $133,999,000 after buying an additional 87,727 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Copart by 65.5% in the third quarter. Morgan Stanley now owns 753,600 shares of the business services provider’s stock worth $79,248,000 after acquiring an additional 298,282 shares during the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.
In other Copart news, Director Daniel J. Englander sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 5th. The shares were sold at an average price of $119.76, for a total transaction of $4,191,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 12.61% of the company’s stock.
A number of equities analysts have weighed in on CPRT shares. Truist boosted their target price on shares of Copart from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, November 12th. BNP Paribas started coverage on Copart in a research note on Monday, December 7th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price objective on Copart from $88.00 to $101.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Zacks Investment Research downgraded Copart from a “buy” rating to a “hold” rating and set a $116.00 price target on the stock. in a research note on Tuesday. Finally, Exane BNP Paribas began coverage on Copart in a report on Monday, December 7th. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $100.80.
Shares of Copart stock traded up $1.82 during trading on Tuesday, hitting $112.68. The company’s stock had a trading volume of 23,654 shares, compared to its average volume of 1,248,156. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.79 and a quick ratio of 2.72. Copart, Inc. has a 52 week low of $55.69 and a 52 week high of $130.96. The stock has a market cap of $26.61 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.87 and a beta of 1.03. The stock has a 50-day moving average price of $119.36 and a two-hundred day moving average price of $109.94.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, November 17th. The business services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The business had revenue of $592.94 million for the quarter, compared to analysts’ expectations of $570.87 million. Copart had a net margin of 30.39% and a return on equity of 26.79%. On average, equities analysts predict that Copart, Inc. will post 3.1 EPS for the current fiscal year.
Copart 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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.