Copart, Inc. (CPRT) Holdings Cut by Royce & Associates LP
Royce & Associates LP trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,487,223 shares of the business services provider’s stock after selling 98,947 shares during the period. Copart makes up approximately 0.8% of Royce & Associates LP’s investment portfolio, making the stock its 9th largest position. Royce & Associates LP owned about 1.51% of Copart worth $119,856,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. grew its stake in Copart by 100.0% during the second quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after buying an additional 2,047 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Copart by 2.6% in the 2nd quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 111 shares in the last quarter. Smithfield Trust Co. boosted its stake in shares of Copart by 104.8% in the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 2,749 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Copart by 216.3% in the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,755 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Copart in the 3rd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
A number of equities research analysts have recently weighed in on CPRT shares. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, November 21st. J P Morgan Chase & Co raised their price target on shares of Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, November 24th. CJS Securities restated an “outperform” rating and issued a $42.00 price target on shares of Copart in a research note on Thursday, October 5th. Robert W. Baird raised their price target on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, September 21st. Finally, Gabelli restated a “hold” rating on shares of Copart in a research note on Friday, November 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Copart has an average rating of “Hold” and an average target price of $41.40.
Copart, Inc. (NASDAQ CPRT) opened at $43.52 on Wednesday. The stock has a market cap of $10,070.00, a P/E ratio of 32.10, a P/E/G ratio of 1.42 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $27.06 and a fifty-two week high of $43.72. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. The business had revenue of $419.17 million during the quarter, compared to analyst estimates of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same quarter last year, the business earned $0.29 EPS. equities analysts expect that Copart, Inc. will post 1.5 earnings per share for the current year.
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Copart Company Profile
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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