Diversified Trust Co reduced its position in Copart, Inc. (NASDAQ:CPRT) by 2.7% during the first quarter, Holdings Channel reports. The fund owned 32,859 shares of the business services provider’s stock after selling 925 shares during the period. Diversified Trust Co’s holdings in Copart were worth $2,035,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of CPRT. Insight Capital Research & Management Inc. acquired a new position in Copart during the third quarter worth about $1,579,000. JLB & Associates Inc. increased its stake in shares of Copart by 1.5% in the third quarter. JLB & Associates Inc. now owns 163,590 shares of the business services provider’s stock valued at $8,761,000 after buying an additional 2,468 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of Copart by 32.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 234,338 shares of the business services provider’s stock valued at $12,551,000 after buying an additional 57,842 shares in the last quarter. Synovus Financial Corp purchased a new stake in shares of Copart during the third quarter valued at $384,000. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Copart during the third quarter valued at $34,359,000. Institutional investors own 79.68% of the company’s stock.
Shares of Copart, Inc. (NASDAQ:CPRT) traded up 0.03% during mid-day trading on Friday, reaching $30.24. 511,571 shares of the company traded hands. Copart, Inc. has a 52-week low of $20.93 and a 52-week high of $31.57. The stock has a market capitalization of $6.95 billion, a PE ratio of 18.31 and a beta of 1.00. The stock’s 50 day moving average is $54.73 and its 200 day moving average is $55.37.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm earned $349.50 million during the quarter, compared to analysts’ expectations of $339.23 million. Copart had a return on equity of 35.43% and a net margin of 29.00%. During the same period in the previous year, the business posted $0.45 EPS. On average, analysts anticipate that Copart, Inc. will post $1.25 earnings per share for the current year.
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Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Copart from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 price objective on shares of Copart in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Copart currently has an average rating of “Hold” and an average target price of $53.67.
In other news, CEO A Jayson Adair sold 200,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $62.06, for a total value of $12,412,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Meeks sold 16,500 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $60.52, for a total value of $998,580.00. Following the completion of the sale, the director now directly owns 16,500 shares of the company’s stock, valued at $998,580. The disclosure for this sale can be found here. Insiders have sold a total of 269,703 shares of company stock valued at $16,631,490 over the last three months. Company insiders own 17.00% of the company’s stock.
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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