LaFleur & Godfrey LLC Has $10.47 Million Holdings in Copart, Inc. (CPRT)
LaFleur & Godfrey LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 242,390 shares of the business services provider’s stock after selling 8,350 shares during the period. Copart makes up about 2.6% of LaFleur & Godfrey LLC’s portfolio, making the stock its 15th largest holding. LaFleur & Godfrey LLC’s holdings in Copart were worth $10,469,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Copart by 103.5% in the second quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider’s stock valued at $514,387,000 after buying an additional 8,230,677 shares during the period. BlackRock Inc. lifted its holdings in shares of Copart by 103.6% in the second quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock valued at $511,611,000 after buying an additional 8,189,852 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Copart by 11.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,315,954 shares of the business services provider’s stock valued at $251,449,000 after buying an additional 759,422 shares during the period. Wasatch Advisors Inc. lifted its holdings in shares of Copart by 109.9% in the second quarter. Wasatch Advisors Inc. now owns 7,061,828 shares of the business services provider’s stock valued at $224,496,000 after buying an additional 3,697,382 shares during the period. Finally, State Street Corp lifted its holdings in shares of Copart by 98.2% in the second quarter. State Street Corp now owns 5,371,016 shares of the business services provider’s stock valued at $170,744,000 after buying an additional 2,660,809 shares during the period. Institutional investors own 77.64% of the company’s stock.
CPRT has been the subject of several research analyst reports. CJS Securities restated an “outperform” rating and issued a $42.00 price objective on shares of Copart in a report on Thursday, October 5th. Wolfe Research began coverage on Copart in a report on Tuesday, November 7th. They set a “market perform” rating for the company. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, November 21st. Jefferies Group upped their target price on Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. upped their target price on Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, November 24th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.00.
Shares of Copart, Inc. (CPRT) traded up $1.07 during midday trading on Monday, hitting $45.67. The stock had a trading volume of 1,294,600 shares, compared to its average volume of 1,036,392. Copart, Inc. has a twelve month low of $27.74 and a twelve month high of $46.09. The stock has a market capitalization of $10,563.65, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.26.
Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The business had revenue of $419.17 million during the quarter, compared to the consensus estimate of $377.37 million. During the same period in the prior year, the business posted $0.29 earnings per share. research analysts anticipate that Copart, Inc. will post 1.52 earnings per share for the current fiscal year.
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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