Aperio Group LLC raised its position in Copart, Inc. (NASDAQ:CPRT) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,214 shares of the business services provider’s stock after buying an additional 926 shares during the period. Aperio Group LLC’s holdings in Copart were worth $3,599,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Glen Harbor Capital Management LLC raised its position in 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 in the last quarter. Midas Management Corp purchased a new position in Copart during the first quarter valued at about $1,660,000. Candriam Luxembourg S.C.A. purchased a new position in Copart during the first quarter valued at about $11,607,000. Navellier & Associates Inc raised its position in 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 in the last quarter. Finally, Retirement Systems of Alabama raised its position in 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 in the last quarter. 49.65% of the stock is owned by institutional investors.
Copart, Inc. (CPRT) traded up 0.833% during trading on Tuesday, reaching $32.075. 916,322 shares of the company’s stock traded hands. The company has a 50 day moving average price of $31.38 and a 200-day moving average price of $41.36. Copart, Inc. has a 12-month low of $24.71 and a 12-month high of $32.17. The company has a market cap of $7.39 billion, a PE ratio of 18.508 and a beta of 1.22.
Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, May 24th. The business services provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $373.90 million for the quarter, compared to the consensus estimate of $386.61 million. Copart had a net margin of 29.10% and a return on equity of 33.20%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. On average, equities research analysts forecast that Copart, Inc. will post $1.25 EPS for the current fiscal year.
Several equities analysts have issued reports on CPRT shares. Zacks Investment Research lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Jefferies Group LLC lifted their price target on shares of Copart from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Copart currently has a consensus rating of “Hold” and a consensus price target of $48.80.
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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