Candriam Luxembourg S.C.A. lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 45.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,616 shares of the business services provider’s stock after selling 85,796 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Copart were worth $3,231,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Sapphire Star Partners LP purchased a new position in shares of Copart during the first quarter valued at approximately $207,000. Glen Harbor Capital Management LLC raised its position in shares of Copart by 7.3% in the first quarter. Glen Harbor Capital Management LLC now owns 6,816 shares of the business services provider’s stock valued at $422,000 after buying an additional 464 shares during the period. Midas Management Corp purchased a new position in shares of Copart during the first quarter valued at approximately $1,660,000. Navellier & Associates Inc raised its position in shares of Copart by 30.0% in the first quarter. Navellier & Associates Inc now owns 18,115 shares of the business services provider’s stock valued at $1,122,000 after buying an additional 4,176 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of Copart by 82.0% in the first quarter. Retirement Systems of Alabama now owns 239,689 shares of the business services provider’s stock valued at $14,844,000 after buying an additional 107,995 shares during the period. Hedge funds and other institutional investors own 42.25% of the company’s stock.
Shares of Copart, Inc. (NASDAQ CPRT) opened at 30.70 on Wednesday. The stock has a market capitalization of $7.07 billion, a PE ratio of 17.71 and a beta of 1.22. Copart, Inc. has a one year low of $24.71 and a one year high of $32.17. The company’s 50-day moving average price is $31.40 and its 200 day moving average price is $43.12.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Copart had a return on equity of 33.20% and a net margin of 29.10%. The company had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $386.61 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts anticipate that Copart, Inc. will post $1.25 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Candriam Luxembourg S.C.A. Sells 85,796 Shares of Copart, Inc. (CPRT)” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/09/candriam-luxembourg-s-c-a-sells-85796-shares-of-copart-inc-cprt.html.
Several equities research analysts recently weighed in on CPRT shares. Zacks Investment Research cut Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Jefferies Group LLC increased their target price on Copart from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Copart currently has an average rating of “Hold” and a consensus price target of $48.80.
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.
Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT).
Receive News & Ratings for Copart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
