Citigroup Inc. Has $6.80 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Citigroup Inc. lifted its position in Copart, Inc. (NASDAQ:CPRT) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,192 shares of the business services provider’s stock after buying an additional 513 shares during the period. Citigroup Inc.’s holdings in Copart were worth $6,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in CPRT. Teachers Advisors LLC increased its stake in Copart by 4.5% during the 3rd quarter. Teachers Advisors LLC now owns 497,853 shares of the business services provider’s stock worth $25,654,000 after purchasing an additional 21,561 shares in the last quarter. Vanguard Group Inc increased its stake in Copart by 3.8% during the 3rd quarter. Vanguard Group Inc now owns 21,828,682 shares of the business services provider’s stock worth $1,124,833,000 after purchasing an additional 795,115 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Copart by 5.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 17,741 shares of the business services provider’s stock worth $848,000 after purchasing an additional 925 shares in the last quarter. KBC Group NV increased its stake in Copart by 63.5% during the 4th quarter. KBC Group NV now owns 17,472 shares of the business services provider’s stock worth $835,000 after purchasing an additional 6,786 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Copart by 50.0% during the 4th quarter. SG Americas Securities LLC now owns 47,344 shares of the business services provider’s stock worth $2,262,000 after purchasing an additional 15,772 shares in the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.

Copart stock traded up $0.23 during mid-day trading on Monday, hitting $74.97. 1,468,400 shares of the company’s stock traded hands, compared to its average volume of 1,349,037. The company has a 50 day moving average of $71.23. Copart, Inc. has a fifty-two week low of $44.61 and a fifty-two week high of $75.90. The stock has a market capitalization of $17.12 billion, a PE ratio of 43.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 2.07.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, May 22nd. The business services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. The firm had revenue of $553.12 million for the quarter, compared to analysts’ expectations of $535.62 million. Copart had a return on equity of 31.33% and a net margin of 28.12%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS. Equities research analysts forecast that Copart, Inc. will post 2.21 EPS for the current year.

A number of analysts recently issued reports on CPRT shares. ValuEngine raised Copart from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. BidaskClub downgraded Copart from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. SunTrust Banks raised their price target on Copart to $78.00 and gave the company a “buy” rating in a report on Friday, May 24th. Barrington Research reaffirmed a “hold” rating on shares of Copart in a report on Friday, May 24th. Finally, Zacks Investment Research downgraded Copart from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $66.77.

In other Copart news, CEO A Jayson Adair sold 43,997 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $74.72, for a total transaction of $3,287,455.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William E. Franklin sold 8,993 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $75.01, for a total value of $674,564.93. Following the transaction, the insider now owns 26,960 shares in the company, valued at approximately $2,022,269.60. The disclosure for this sale can be found here. Insiders have sold a total of 382,451 shares of company stock worth $28,026,044 in the last quarter. Company insiders own 15.99% of the company’s stock.

Copart 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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

Recommended Story: Net Income

Institutional Ownership by Quarter for Copart (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.