Fuller & Thaler Asset Management Inc. grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,558,418 shares of the business services provider’s stock after buying an additional 14,692 shares during the quarter. Copart accounts for approximately 1.1% of Fuller & Thaler Asset Management Inc.’s holdings, making the stock its 24th biggest holding. Fuller & Thaler Asset Management Inc. owned approximately 1.11% of Copart worth $87,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salem Investment Counselors Inc. raised its position in shares of Copart by 100.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock valued at $130,000 after buying an additional 2,047 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Copart by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock valued at $140,000 after buying an additional 111 shares in the last quarter. Smithfield Trust Co. raised its position in shares of Copart by 104.8% during the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock valued at $171,000 after buying an additional 2,749 shares in the last quarter. IFP Advisors Inc raised its position in shares of Copart by 216.3% during the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after buying an additional 3,755 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of Copart by 136.5% during the 2nd quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,249 shares in the last quarter. Hedge funds and other institutional investors own 81.03% of the company’s stock.

In other Copart news, Director James E. Meeks sold 160,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $34.33, for a total value of $5,492,800.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at approximately $120,155. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Vincent W. Mitz sold 200,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the completion of the transaction, the president now owns 47,660 shares in the company, valued at $1,635,691.20. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

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Copart, Inc. (CPRT) traded up $0.76 during trading on Tuesday, reaching $36.31. 1,333,700 shares of the company were exchanged, compared to its average volume of 1,070,742. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.94 and a quick ratio of 1.91. Copart, Inc. has a 12 month low of $26.48 and a 12 month high of $36.76. The stock has a market cap of $8,420.00, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.32 and a beta of 1.24.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Tuesday, September 19th. The business services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. Copart had a net margin of 27.23% and a return on equity of 31.83%. The company had revenue of $378.60 million for the quarter, compared to analyst estimates of $355.42 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. equities analysts predict that Copart, Inc. will post 1.41 EPS for the current year.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday. Robert W. Baird increased their price objective on shares of Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 21st. CJS Securities reissued an “outperform” rating and issued a $42.00 price objective on shares of Copart in a research report on Thursday, October 5th. Finally, Wolfe Research assumed coverage on shares of Copart in a research report on Tuesday, November 7th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Copart has a consensus rating of “Buy” and an average price target of $38.00.

About Copart

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.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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