Shares of Copart, Inc. (NASDAQ:CPRT) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $45.42 and last traded at $44.60, with a volume of 666900 shares. The stock had previously closed at $44.33.

A number of brokerages have recently issued reports on CPRT. Stephens set a $49.00 price target on shares of Copart and gave the stock a “hold” rating in a report on Wednesday. Robert W. Baird restated a “buy” rating and set a $46.00 price target on shares of Copart in a report on Friday, December 22nd. BidaskClub cut shares of Copart from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Gabelli reaffirmed a “hold” rating on shares of Copart in a research report on Friday, November 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, November 24th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Copart has an average rating of “Hold” and an average price target of $43.00.

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 2.23. The firm has a market capitalization of $10,560.00, a PE ratio of 35.68, a price-to-earnings-growth ratio of 1.44 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The firm had revenue of $419.17 million during the quarter, compared to analysts’ expectations 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 company posted $0.29 EPS. research analysts anticipate that Copart, Inc. will post 1.52 EPS for the current year.

In other Copart news, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Copart by 103.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider’s stock worth $514,387,000 after purchasing an additional 8,230,677 shares during the last quarter. BlackRock Inc. lifted its position in shares of Copart by 103.6% during the 2nd quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock worth $511,611,000 after purchasing an additional 8,189,852 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Copart by 11.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,315,954 shares of the business services provider’s stock worth $251,449,000 after purchasing an additional 759,422 shares during the last quarter. Wasatch Advisors Inc. lifted its position in shares of Copart by 109.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 7,061,828 shares of the business services provider’s stock worth $224,496,000 after purchasing an additional 3,697,382 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Copart by 98.2% during the 2nd quarter. State Street Corp now owns 5,371,016 shares of the business services provider’s stock worth $170,744,000 after purchasing an additional 2,660,809 shares during the last quarter. 78.62% of the stock is owned by institutional investors.

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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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