MetLife Investment Advisors LLC cut its holdings in Copart, Inc. (NASDAQ:CPRT) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,087 shares of the business services provider’s stock after selling 1,801 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Copart were worth $3,459,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc boosted its holdings 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 valued at $1,124,833,000 after acquiring an additional 795,115 shares during the period. Synovus Financial Corp boosted its stake in shares of Copart by 3.9% in the 4th quarter. Synovus Financial Corp now owns 22,963 shares of the business services provider’s stock valued at $1,100,000 after buying an additional 856 shares during the period. Prudential Financial Inc. boosted its stake in shares of Copart by 0.7% in the 4th quarter. Prudential Financial Inc. now owns 218,812 shares of the business services provider’s stock valued at $10,455,000 after buying an additional 1,520 shares during the period. Eaton Vance Management boosted its stake in shares of Copart by 1,097.9% in the 4th quarter. Eaton Vance Management now owns 50,745 shares of the business services provider’s stock valued at $2,425,000 after buying an additional 46,509 shares during the period. Finally, FDx Advisors Inc. boosted its stake in shares of Copart by 53.3% in the 4th quarter. FDx Advisors Inc. now owns 7,257 shares of the business services provider’s stock valued at $347,000 after buying an additional 2,524 shares during the period. 83.55% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. SunTrust Banks lifted their price target on Copart to $78.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Guggenheim downgraded Copart from a “buy” rating to a “neutral” rating and set a $67.07 target price on the stock. in a research note on Friday, May 17th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Finally, ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $66.77.
CPRT traded up $0.54 on Friday, reaching $77.33. The company’s stock had a trading volume of 747,811 shares, compared to its average volume of 1,279,916. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 2.07. The firm has a 50 day moving average of $73.69. Copart, Inc. has a 1 year low of $44.61 and a 1 year high of $77.59. The firm has a market cap of $17.72 billion, a PE ratio of 44.70, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85.
Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, May 22nd. The business services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The business 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 business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. Research analysts anticipate that Copart, Inc. will post 2.21 earnings per share for the current year.
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.
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