Pendal Group Ltd lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 427.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,893 shares of the business services provider’s stock after purchasing an additional 31,520 shares during the quarter. Pendal Group Ltd’s holdings in Copart were worth $2,004,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DnB Asset Management AS bought a new stake in Copart in the 2nd quarter valued at $1,176,000. IFM Investors Pty Ltd bought a new stake in Copart in the 2nd quarter valued at $403,000. CENTRAL TRUST Co lifted its position in Copart by 1,457.5% in the 2nd quarter. CENTRAL TRUST Co now owns 3,115 shares of the business services provider’s stock valued at $176,000 after acquiring an additional 2,915 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Copart in the 2nd quarter valued at $226,000. Finally, State of Alaska Department of Revenue lifted its position in Copart by 187.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 52,494 shares of the business services provider’s stock valued at $2,968,000 after acquiring an additional 34,220 shares in the last quarter. 82.52% of the stock is currently owned by institutional investors.
CPRT opened at $50.27 on Friday. The firm has a market capitalization of $11.88 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.04 and a beta of 1.01. Copart, Inc. has a 12 month low of $35.32 and a 12 month high of $67.08. The company has a current ratio of 2.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.25.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 19th. The business services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.06). Copart had a return on equity of 29.92% and a net margin of 23.14%. The business had revenue of $449.20 million for the quarter, compared to the consensus estimate of $448.64 million. During the same period last year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. As a group, equities analysts forecast that Copart, Inc. will post 2.13 EPS for the current year.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of Copart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. Barrington Research reaffirmed a “hold” rating on shares of Copart in a research report on Tuesday, September 18th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Tuesday, September 18th. Northcoast Research reaffirmed a “neutral” rating on shares of Copart in a research report on Monday, September 17th. Finally, JPMorgan Chase & Co. cut shares of Copart from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $48.00 to $47.00 in a research report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Copart currently has an average rating of “Hold” and a consensus price target of $55.14.
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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
See Also: Bond
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.