Copart Inc. (NASDAQ:CPRT) CEO A Jayson Adair sold 200,000 shares of the firm’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $53.61, for a total value of $10,722,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Copart Inc. (NASDAQ:CPRT) opened at 54.05 on Wednesday. Copart Inc. has a 12 month low of $32.26 and a 12 month high of $54.85. The firm has a 50-day moving average of $51.46 and a 200 day moving average of $47.14. The company has a market capitalization of $5.92 billion, a PE ratio of 24.46 and a beta of 0.99.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, September 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. Copart had a return on equity of 31.42% and a net margin of 21.25%. The business had revenue of $332.70 million for the quarter. During the same period last year, the company earned $0.41 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts expect that Copart Inc. will post $2.41 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in shares of Copart by 50.3% in the first quarter. Lazard Asset Management LLC now owns 6,964,089 shares of the company’s stock valued at $283,924,000 after buying an additional 2,330,220 shares during the period. Principal Financial Group Inc. raised its position in shares of Copart by 15.6% in the second quarter. Principal Financial Group Inc. now owns 3,585,146 shares of the company’s stock valued at $175,708,000 after buying an additional 484,678 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Copart by 3.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,455,910 shares of the company’s stock valued at $120,364,000 after buying an additional 87,061 shares during the period. Nicholas Co. Inc. WI raised its position in shares of Copart by 1.0% in the second quarter. Nicholas Co. Inc. WI now owns 2,195,935 shares of the company’s stock valued at $107,622,000 after buying an additional 22,585 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of Copart during the second quarter valued at about $106,925,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Monday. Jefferies Group lifted their price objective on shares of Copart from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, September 22nd. Barrington Research cut shares of Copart from an “outperform” rating to a “market perform” rating in a research note on Friday, September 23rd. Susquehanna assumed coverage on shares of Copart in a research note on Thursday, August 25th. They set a “neutral” rating and a $53.00 price objective on the stock. Finally, Stephens set a $61.00 price objective on shares of Copart and gave the company a “buy” rating in a research note on Thursday, September 22nd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.57.
Copart, Inc is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3).
Receive News & Ratings for Copart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart Inc. and related companies with MarketBeat.com's FREE daily email newsletter.