Royce & Associates LP Has $111.91 Million Stake in Copart, Inc. (CPRT)

Royce & Associates LP lessened its position in Copart, Inc. (NASDAQ:CPRT) by 25.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,591,115 shares of the business services provider’s stock after selling 896,108 shares during the period. Copart comprises approximately 0.7% of Royce & Associates LP’s holdings, making the stock its 10th biggest holding. Royce & Associates LP owned about 1.12% of Copart worth $111,910,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Public Employees Retirement Association of Colorado boosted its stake in shares of Copart by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock valued at $1,839,000 after purchasing an additional 1,265 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Copart by 3.2% in the 3rd quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock valued at $1,544,000 after purchasing an additional 1,382 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Copart by 6.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 25,164 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 1,442 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Copart by 8.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock valued at $792,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Copart by 1.0% in the 4th quarter. Comerica Bank now owns 173,484 shares of the business services provider’s stock valued at $7,759,000 after purchasing an additional 1,782 shares in the last quarter. Institutional investors own 77.81% of the company’s stock.

Several equities research analysts have recently commented on CPRT shares. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, November 21st. Stephens set a $49.00 target price on shares of Copart and gave the company a “hold” rating in a research note on Wednesday, January 17th. BidaskClub downgraded shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Wolfe Research started coverage on shares of Copart in a research note on Tuesday, November 7th. They issued a “market perform” rating on the stock. Finally, Jefferies Group boosted their target price on shares of Copart to $40.00 and gave the company a “hold” rating in a research note on Thursday, November 23rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $44.33.

In related news, Director Daniel J. Englander sold 68,004 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matt Blunt sold 116,667 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Copart, Inc. (NASDAQ:CPRT) opened at $46.47 on Friday. The stock has a market cap of $10,579.85, a PE ratio of 36.30, a P/E/G ratio of 1.49 and a beta of 1.12. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. Copart, Inc. has a 52-week low of $28.44 and a 52-week high of $46.62.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The business had revenue of $419.17 million for the quarter, compared to the consensus estimate of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same quarter in the prior year, the company earned $0.29 EPS. analysts forecast that Copart, Inc. will post 1.52 earnings per share for the current year.

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Copart 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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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