Fifth Third Bancorp raised its position in Copart, Inc. (NASDAQ:CPRT – Get Rating) by 76.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 41,565 shares of the business services provider’s stock after acquiring an additional 18,047 shares during the period. Fifth Third Bancorp’s holdings in Copart were worth $2,531,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Resonant Capital Advisors LLC grew its stake in Copart by 2.0% during the third quarter. Resonant Capital Advisors LLC now owns 6,256 shares of the business services provider’s stock valued at $666,000 after acquiring an additional 125 shares in the last quarter. Canandaigua National Corp boosted its stake in shares of Copart by 7.0% in the 3rd quarter. Canandaigua National Corp now owns 2,026 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 133 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Copart by 2.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,182 shares of the business services provider’s stock valued at $658,000 after acquiring an additional 152 shares during the last quarter. Raymond James Trust N.A. lifted its position in Copart by 4.3% in the third quarter. Raymond James Trust N.A. now owns 3,973 shares of the business services provider’s stock valued at $422,000 after purchasing an additional 163 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd boosted its stake in shares of Copart by 23.2% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 872 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 164 shares during the period. Institutional investors own 45.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Copart from $74.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. StockNews.com assumed coverage on shares of Copart in a report on Thursday, March 16th. They set a “buy” rating for the company. Stephens reissued an “overweight” rating and issued a $78.00 target price on shares of Copart in a research note on Tuesday, February 21st. Finally, Guggenheim upped their price target on Copart from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd.
Insider Buying and Selling
Copart Trading Down 0.4 %
NASDAQ:CPRT opened at $74.38 on Friday. The company has a 50-day moving average price of $70.26 and a 200-day moving average price of $63.53. The stock has a market cap of $35.45 billion, a price-to-earnings ratio of 33.06 and a beta of 1.23. Copart, Inc. has a 12 month low of $51.10 and a 12 month high of $76.23.
Copart (NASDAQ:CPRT – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. Copart had a net margin of 29.45% and a return on equity of 22.93%. The business had revenue of $956.72 million during the quarter, compared to analyst estimates of $934.36 million. During the same period last year, the business posted $0.55 earnings per share. Equities analysts forecast that Copart, Inc. will post 2.34 EPS for the current fiscal year.
About Copart
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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