Fulton Breakefield Broenniman LLC increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 14.5% in the 4th quarter, Holdings Channel reports. The fund owned 4,431 shares of the business services provider’s stock after purchasing an additional 560 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Copart were worth $403,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its position in Copart by 64.3% in the 2nd quarter. Morgan Stanley now owns 5,865,640 shares of the business services provider’s stock worth $438,398,000 after purchasing an additional 2,296,528 shares during the last quarter. Nuveen Asset Management LLC increased its position in Copart by 8,848.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,459,779 shares of the business services provider’s stock worth $109,104,000 after purchasing an additional 1,443,466 shares during the last quarter. BlackRock Inc. increased its position in Copart by 7.6% in the 2nd quarter. BlackRock Inc. now owns 15,851,891 shares of the business services provider’s stock worth $1,184,771,000 after purchasing an additional 1,114,752 shares during the last quarter. Millennium Management LLC increased its position in Copart by 370.6% in the 3rd quarter. Millennium Management LLC now owns 624,793 shares of the business services provider’s stock worth $50,189,000 after purchasing an additional 492,028 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Copart in the 2nd quarter worth about $28,566,000. 78.73% of the stock is owned by hedge funds and other institutional investors.

CPRT opened at $96.34 on Wednesday. The firm has a market capitalization of $22.16 billion, a P/E ratio of 42.82 and a beta of 0.80. The stock’s 50 day moving average price is $90.78 and its two-hundred day moving average price is $82.35. The company has a quick ratio of 2.24, a current ratio of 2.30 and a debt-to-equity ratio of 0.27. Copart, Inc. has a 12-month low of $48.88 and a 12-month high of $97.04.

Copart (NASDAQ:CPRT) last released its earnings results on Wednesday, November 20th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.06. Copart had a return on equity of 34.06% and a net margin of 32.59%. The firm had revenue of $554.40 million for the quarter, compared to analyst estimates of $544.46 million. During the same quarter last year, the firm posted $0.47 EPS. The company’s revenue was up 20.2% on a year-over-year basis. As a group, analysts anticipate that Copart, Inc. will post 2.77 earnings per share for the current year.

In related news, CEO A Jayson Adair sold 327,318 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $90.49, for a total transaction of $29,619,005.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas N. Tryforos sold 81,467 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.84, for a total value of $7,807,797.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 538,785 shares of company stock worth $49,564,503. Corporate insiders own 14.34% of the company’s stock.

CPRT has been the topic of several research reports. SunTrust Banks upped their target price on Copart from $92.00 to $100.00 and gave the stock an “average” rating in a research report on Friday, November 22nd. Guggenheim increased their price objective on Copart from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, November 25th. BidaskClub raised Copart from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, ValuEngine lowered Copart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Copart presently has an average rating of “Hold” and a consensus price target of $85.60.

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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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