Driehaus Capital Management LLC cut its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 44.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,801 shares of the business services provider’s stock after selling 25,021 shares during the quarter. Driehaus Capital Management LLC’s holdings in Copart were worth $1,330,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC purchased a new stake in shares of Copart during the fourth quarter valued at $108,000. Assetmark Inc. purchased a new stake in shares of Copart during the fourth quarter valued at $196,000. Private Advisor Group LLC purchased a new stake in shares of Copart during the third quarter valued at $200,000. Nadler Financial Group Inc. purchased a new stake in shares of Copart during the fourth quarter valued at $216,000. Finally, Massey Quick Simon & CO. LLC purchased a new stake in shares of Copart during the third quarter valued at $223,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Copart, Inc. (NASDAQ CPRT) opened at $50.78 on Wednesday. Copart, Inc. has a 1-year low of $28.89 and a 1-year high of $51.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.74. The company has a market cap of $11,857.23, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.02.
In other news, Director Daniel J. Englander sold 68,004 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.40% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Stephens set a $54.00 price objective on shares of Copart and gave the company a “buy” rating in a report on Tuesday, February 27th. Jefferies Group reissued a “hold” rating and set a $47.00 price objective on shares of Copart in a report on Tuesday, February 27th. Barrington Research reaffirmed a “hold” rating on shares of Copart in a report on Tuesday, February 27th. Consumer Edge raised shares of Copart from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 27th. Finally, BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $46.17.
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Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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