Copart, Inc. (NASDAQ:CPRT) Shares Sold by Huntington National Bank

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Huntington National Bank lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 31.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,751 shares of the business services provider’s stock after selling 810 shares during the period. Huntington National Bank’s holdings in Copart were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its holdings in Copart by 4.4% during the third quarter. Parallel Advisors LLC now owns 3,664 shares of the business services provider’s stock worth $294,000 after purchasing an additional 154 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Copart by 66.9% during the third quarter. IFM Investors Pty Ltd now owns 22,665 shares of the business services provider’s stock worth $1,821,000 after purchasing an additional 9,083 shares in the last quarter. Sigma Planning Corp raised its holdings in Copart by 7.2% during the third quarter. Sigma Planning Corp now owns 53,885 shares of the business services provider’s stock worth $4,329,000 after purchasing an additional 3,637 shares in the last quarter. California Public Employees Retirement System raised its holdings in Copart by 18.7% during the third quarter. California Public Employees Retirement System now owns 502,114 shares of the business services provider’s stock worth $40,335,000 after purchasing an additional 79,273 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Copart by 45.0% during the third quarter. Commonwealth Equity Services LLC now owns 23,210 shares of the business services provider’s stock worth $1,864,000 after purchasing an additional 7,207 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

Several research firms recently issued reports on CPRT. Guggenheim raised shares of Copart from a “neutral” rating to a “buy” rating and set a $93.00 price target for the company in a report on Friday, October 18th. BidaskClub cut shares of Copart from a “hold” rating to a “sell” rating in a report on Saturday. Robert W. Baird set a $85.00 target price on shares of Copart and gave the company a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. increased their target price on shares of Copart from $62.00 to $71.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Copart in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Copart has an average rating of “Hold” and an average price target of $80.40.

Copart stock traded down $0.16 during mid-day trading on Friday, reaching $81.46. The company had a trading volume of 1,541,200 shares, compared to its average volume of 1,340,618. Copart, Inc. has a 1 year low of $44.61 and a 1 year high of $85.31. The stock’s 50-day simple moving average is $81.80 and its 200-day simple moving average is $75.82. The company has a market capitalization of $19.11 billion, a P/E ratio of 36.20, a P/E/G ratio of 1.54 and a beta of 0.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 2.36.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Copart had a net margin of 28.98% and a return on equity of 32.83%. The firm had revenue of $542.60 million for the quarter, compared to analyst estimates of $517.84 million. During the same quarter last year, the business earned $0.42 earnings per share. Copart’s revenue was up 20.8% compared to the same quarter last year. On average, equities analysts forecast that Copart, Inc. will post 2.67 EPS for the current fiscal year.

About Copart

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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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