Copart, Inc. (NASDAQ:CPRT) saw unusually large options trading on Wednesday. Investors acquired 2,941 call options on the stock. This is an increase of approximately 2,031% compared to the average daily volume of 138 call options.
Shares of CPRT opened at $64.79 on Thursday. Copart has a fifty-two week low of $44.61 and a fifty-two week high of $67.54. The stock has a market capitalization of $15.05 billion, a P/E ratio of 37.45, a PEG ratio of 1.54 and a beta of 0.98. The company has a quick ratio of 1.61, a current ratio of 1.69 and a debt-to-equity ratio of 0.27.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, May 22nd. The business services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. The company had revenue of $553.12 million during the quarter, compared to analyst estimates of $535.62 million. Copart had a return on equity of 30.20% and a net margin of 25.75%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. Sell-side analysts expect that Copart will post 2.15 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its holdings in Copart by 16.8% during the 3rd quarter. Morgan Stanley now owns 5,012,496 shares of the business services provider’s stock valued at $258,293,000 after buying an additional 719,694 shares in the last quarter. American International Group Inc. grew its holdings in Copart by 1.2% during the 4th quarter. American International Group Inc. now owns 73,082 shares of the business services provider’s stock valued at $3,492,000 after buying an additional 871 shares in the last quarter. Lindbrook Capital LLC purchased a new position in Copart during the 4th quarter valued at about $41,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Copart by 10.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 8,850 shares of the business services provider’s stock valued at $423,000 after buying an additional 858 shares in the last quarter. Finally, YCG LLC grew its holdings in Copart by 56.5% during the 4th quarter. YCG LLC now owns 380,632 shares of the business services provider’s stock valued at $18,187,000 after buying an additional 137,417 shares in the last quarter. 83.46% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. ValuEngine raised Copart from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. SunTrust Banks lifted their price objective on Copart to $67.00 and gave the stock a “buy” rating in a report on Tuesday, February 26th. BidaskClub raised Copart from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 7th. Finally, Guggenheim lowered Copart from a “buy” rating to a “neutral” rating and set a $67.07 price objective for the company. in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $63.77.
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Copart Company Profile
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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