Northcoast Research reissued their neutral rating on shares of Copart (NASDAQ:CPRT) in a report published on Monday morning. Northcoast Research also issued estimates for Copart’s Q4 2018 earnings at $0.50 EPS and FY2019 earnings at $2.32 EPS.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Copart from a hold rating to a buy rating and set a $65.00 price target for the company in a report on Tuesday, July 17th. BidaskClub downgraded Copart from a strong-buy rating to a buy rating in a report on Wednesday, July 4th. Gabelli reiterated a hold rating on shares of Copart in a report on Friday, May 25th. Finally, Barrington Research reiterated a hold rating on shares of Copart in a report on Tuesday, May 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $51.38.
Shares of NASDAQ:CPRT opened at $63.73 on Monday. Copart has a 1-year low of $32.27 and a 1-year high of $67.08. The company has a quick ratio of 2.27, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $15.06 billion, a PE ratio of 49.40, a P/E/G ratio of 1.32 and a beta of 0.94.
In related news, insider William E. Franklin sold 90,000 shares of Copart stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of $58.94, for a total value of $5,304,600.00. Following the completion of the sale, the insider now directly owns 107,462 shares in the company, valued at approximately $6,333,810.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Copart by 4.7% in the 1st quarter. BlackRock Inc. now owns 17,080,908 shares of the business services provider’s stock worth $869,932,000 after buying an additional 760,714 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Copart by 8.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,778,042 shares of the business services provider’s stock worth $447,066,000 after purchasing an additional 689,731 shares during the last quarter. FMR LLC boosted its position in Copart by 27.3% in the second quarter. FMR LLC now owns 6,625,549 shares of the business services provider’s stock worth $374,741,000 after purchasing an additional 1,420,739 shares during the last quarter. Bank of America Corp DE boosted its position in Copart by 1.2% in the second quarter. Bank of America Corp DE now owns 1,441,175 shares of the business services provider’s stock worth $81,512,000 after purchasing an additional 16,905 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Copart by 6.8% in the second quarter. Janus Henderson Group PLC now owns 1,355,709 shares of the business services provider’s stock worth $76,679,000 after purchasing an additional 86,514 shares during the last quarter. Institutional investors own 83.11% of the company’s stock.
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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