Norinchukin Bank The bought a new stake in Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,292 shares of the business services provider’s stock, valued at approximately $1,355,000.
Several other institutional investors have also made changes to their positions in the company. FMR LLC increased its holdings in shares of Copart by 27.3% in the 2nd quarter. FMR LLC now owns 6,625,549 shares of the business services provider’s stock valued at $374,741,000 after acquiring an additional 1,420,739 Wells Fargo & Company MN increased its holdings in shares of Copart by 0.3% in the 3rd quarter. Wells Fargo & Company MN now owns 2,814,700 shares of the business services provider’s stock valued at $145,040,000 after acquiring an additional 7,446 Northern Trust Corp increased its holdings in shares of Copart by 35.1% in the 2nd quarter. Northern Trust Corp now owns 2,119,824 shares of the business services provider’s stock valued at $119,897,000 after acquiring an additional 551,294 Bank of America Corp DE increased its holdings in shares of Copart by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 1,441,175 shares of the business services provider’s stock valued at $81,512,000 after acquiring an additional 16,905 Finally, Janus Henderson Group PLC increased its holdings in shares of Copart by 6.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,355,709 shares of the business services provider’s stock valued at $76,679,000 after acquiring an additional 86,514 78.77% of the stock is currently owned by institutional investors and hedge funds.
Get Copart alerts: Shares of CPRT opened at $48.73 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.50 and a current ratio of 2.56. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.03 and a beta of 1.01. Copart, Inc. has a 1 year low of $39.21 and a 1 year high of $67.08.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, November 20th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $461.40 million for the quarter, compared to analysts’ expectations of $460.09 million. Copart had a net margin of 24.59% and a return on equity of 31.05%. Copart’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. As a group, equities research analysts expect that Copart, Inc. will post 2.12 EPS for the current year.
CPRT has been the topic of a number of recent research reports. BidaskClub raised shares of Copart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 5th. Barrington Research reaffirmed a “hold” rating on shares of Copart in a report on Tuesday, September 18th. Gabelli raised shares of Copart from a “hold” rating to a “buy” rating in a report on Thursday, September 20th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, September 18th. Finally, SunTrust Banks set a $63.00 target price on shares of Copart and gave the company a “buy” rating in a report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $55.14.
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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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
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Copart Copart
