2,517 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,517 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Copart by 1.0% during the 1st quarter. BlackRock Inc. now owns 18,575,020 shares of the business services provider’s stock worth $1,272,760,000 after purchasing an additional 182,195 shares during the last quarter. State Street Corp lifted its holdings in Copart by 0.6% during the 1st quarter. State Street Corp now owns 8,669,550 shares of the business services provider’s stock worth $594,038,000 after purchasing an additional 55,553 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Copart by 8.7% during the 1st quarter. Principal Financial Group Inc. now owns 7,210,551 shares of the business services provider’s stock worth $494,067,000 after purchasing an additional 578,632 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Copart by 44.4% during the 1st quarter. Wellington Management Group LLP now owns 7,072,849 shares of the business services provider’s stock worth $484,631,000 after purchasing an additional 2,173,178 shares during the last quarter. Finally, Melvin Capital Management LP lifted its holdings in Copart by 26.1% during the 1st quarter. Melvin Capital Management LP now owns 4,731,903 shares of the business services provider’s stock worth $324,230,000 after purchasing an additional 978,191 shares during the last quarter. 79.31% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on CPRT. JPMorgan Chase & Co. lifted their price target on Copart from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, June 19th. Stephens lowered their price objective on Copart from $95.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Zacks Investment Research upgraded Copart from a “sell” rating to a “hold” rating and set a $91.00 price objective on the stock in a research note on Tuesday, May 26th. Jefferies Financial Group raised their price objective on Copart from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Barrington Research started coverage on Copart in a research note on Friday, May 22nd. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $86.67.

In related news, CFO Jeffrey Liaw sold 94,334 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $81.33, for a total transaction of $7,672,184.22. Following the sale, the chief financial officer now owns 58,334 shares in the company, valued at approximately $4,744,304.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Blunt sold 20,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $89.15, for a total value of $1,783,000.00. Following the sale, the director now owns 20,000 shares in the company, valued at approximately $1,783,000. The disclosure for this sale can be found here. Company insiders own 14.34% of the company’s stock.

Shares of CPRT traded up $0.52 during midday trading on Friday, hitting $93.25. The company’s stock had a trading volume of 1,040,969 shares, compared to its average volume of 1,254,306. Copart, Inc. has a one year low of $55.69 and a one year high of $104.88. The company’s fifty day simple moving average is $85.43 and its two-hundred day simple moving average is $84.66. The company has a quick ratio of 2.70, a current ratio of 2.77 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $21.89 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, May 20th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.06). Copart had a net margin of 30.95% and a return on equity of 29.08%. The business had revenue of $550.36 million during the quarter, compared to the consensus estimate of $547.05 million. During the same quarter in the previous year, the business posted $0.66 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts predict that Copart, Inc. will post 2.28 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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