Harfst & Associates Inc. purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,608 shares of the business services provider’s stock, valued at approximately $459,000.
Several other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in shares of Copart by 55.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 41,109 shares of the business services provider’s stock worth $2,325,000 after purchasing an additional 14,722 shares in the last quarter. FMR LLC grew its holdings in shares of Copart by 26.1% during the 2nd quarter. FMR LLC now owns 6,562,532 shares of the business services provider’s stock worth $371,177,000 after purchasing an additional 1,357,722 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Copart by 88.2% during the 3rd quarter. Bank of Montreal Can now owns 214,279 shares of the business services provider’s stock worth $11,042,000 after purchasing an additional 100,420 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Copart during the 3rd quarter worth $117,000. Finally, Gateway Investment Advisers LLC grew its holdings in shares of Copart by 10.9% during the 3rd quarter. Gateway Investment Advisers LLC now owns 115,920 shares of the business services provider’s stock worth $5,973,000 after purchasing an additional 11,388 shares in the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:CPRT opened at $53.93 on Friday. The company has a current ratio of 3.00, a quick ratio of 2.92 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $12.62 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91. Copart, Inc. has a twelve month low of $44.10 and a twelve month high of $67.08.
Copart (NASDAQ:CPRT) last posted its earnings results on Tuesday, November 20th. The business services provider reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $461.40 million during the quarter, compared to the consensus estimate of $460.09 million. Copart had a return on equity of 29.95% and a net margin of 24.59%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. Equities analysts predict that Copart, Inc. will post 2.12 EPS for the current fiscal year.
Several research firms recently weighed in on CPRT. BidaskClub raised Copart from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 7th. SunTrust Banks set a $63.00 price objective on Copart and gave the company a “buy” rating in a research note on Friday, November 23rd. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Monday, February 4th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Copart in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.33.
In other Copart news, Director Daniel J. Englander sold 80,000 shares of the stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $49.53, for a total value of $3,962,400.00. Following the completion of the transaction, the director now directly owns 555,128 shares in the company, valued at $27,495,489.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.99% of the stock is currently owned by company insiders.
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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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