RGT Capital Management Ltd. acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,292 shares of the business services provider’s stock, valued at approximately $266,000.
A number of other large investors have also modified their holdings of the stock. William Blair Investment Management LLC increased its stake in shares of Copart by 91.8% in the fourth quarter. William Blair Investment Management LLC now owns 4,175,975 shares of the business services provider’s stock valued at $231,391,000 after buying an additional 1,998,355 shares during the period. Foundation Asset Management LP acquired a new stake in shares of Copart during the fourth quarter valued at $47,222,000. MIG Capital LLC purchased a new stake in Copart during the fourth quarter worth approximately $44,041,000. Norges Bank purchased a new stake in Copart during the fourth quarter worth approximately $37,267,000. Finally, Incline Global Management LLC increased its stake in Copart by 5,070.8% in the third quarter. Incline Global Management LLC now owns 476,902 shares of the business services provider’s stock worth $25,543,000 after buying an additional 467,679 shares in the last quarter. Hedge funds and other institutional investors own 40.33% of the company’s stock.
Copart, Inc. (NASDAQ CPRT) traded down 1.2353% during midday trading on Tuesday, hitting $31.1899. The stock had a trading volume of 489,758 shares. The company’s 50 day moving average is $30.68 and its 200 day moving average is $48.45. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 17.9976 and a beta of 1.11. Copart, Inc. has a 1-year low of $22.99 and a 1-year high of $32.00.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, May 24th. The business services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Copart had a net margin of 29.10% and a return on equity of 33.20%. The firm had revenue of $373.90 million for the quarter, compared to analyst estimates of $386.61 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Copart, Inc. will post $1.25 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Copart from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Jefferies Group LLC lifted their price target on Copart from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, May 30th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.80.
In related news, CEO A Jayson Adair sold 200,000 shares of the stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $62.06, for a total transaction of $12,412,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 17.00% of the stock is currently owned by company insiders.
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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