Parallel Advisors LLC boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 4.4% in the third quarter, Holdings Channel reports. The fund owned 3,664 shares of the business services provider’s stock after purchasing an additional 154 shares during the quarter. Parallel Advisors LLC’s holdings in Copart were worth $294,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of CPRT. Morgan Stanley increased its position in Copart by 64.3% during the second quarter. Morgan Stanley now owns 5,865,640 shares of the business services provider’s stock valued at $438,398,000 after acquiring an additional 2,296,528 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Copart by 8,848.6% during the second quarter. Nuveen Asset Management LLC now owns 1,459,779 shares of the business services provider’s stock valued at $109,104,000 after purchasing an additional 1,443,466 shares during the period. BlackRock Inc. grew its holdings in Copart by 7.6% during the second quarter. BlackRock Inc. now owns 15,851,891 shares of the business services provider’s stock valued at $1,184,771,000 after purchasing an additional 1,114,752 shares during the period. Point72 Asset Management L.P. bought a new stake in Copart during the second quarter valued at about $28,566,000. Finally, AXA grew its holdings in Copart by 328.8% during the second quarter. AXA now owns 482,000 shares of the business services provider’s stock valued at $36,025,000 after purchasing an additional 369,600 shares during the period. Institutional investors own 80.97% of the company’s stock.
NASDAQ:CPRT traded down $0.16 during mid-day trading on Friday, hitting $81.46. 1,541,200 shares of the company traded hands, compared to its average volume of 1,340,618. Copart, Inc. has a one year low of $44.61 and a one year high of $85.31. The company has a quick ratio of 2.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $81.80 and its 200-day moving average price is $75.82. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Copart had a return on equity of 32.83% and a net margin of 28.98%. The business had revenue of $542.60 million for the quarter, compared to the consensus estimate of $517.84 million. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. Equities analysts predict that Copart, Inc. will post 2.67 EPS for the current year.
Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Copart from $62.00 to $71.00 and gave the company an “underweight” rating in a report on Friday, September 6th. ValuEngine lowered Copart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barrington Research reissued a “hold” rating on shares of Copart in a report on Wednesday, September 11th. Guggenheim raised Copart from a “neutral” rating to a “buy” rating and set a $93.00 price target for the company in a report on Friday, October 18th. Finally, Robert W. Baird set a $85.00 price target on Copart and gave the company a “buy” rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $80.40.
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.
Read More: What is the LIBOR?
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.