Copart, Inc. $CPRT Position Increased by CenterBook Partners LP

CenterBook Partners LP boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 90.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,301 shares of the business services provider’s stock after buying an additional 33,443 shares during the period. CenterBook Partners LP’s holdings in Copart were worth $1,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRT. C M Bidwell & Associates Ltd. acquired a new position in shares of Copart in the 2nd quarter valued at $25,000. Byrne Asset Management LLC bought a new position in shares of Copart during the 3rd quarter worth about $25,000. Versant Capital Management Inc boosted its position in shares of Copart by 110.9% during the 2nd quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 498 shares in the last quarter. Provenance Wealth Advisors LLC boosted its position in shares of Copart by 3,550.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,022 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 994 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its stake in Copart by 62.5% in the third quarter. Salomon & Ludwin LLC now owns 1,076 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 414 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

NASDAQ:CPRT opened at $31.95 on Monday. The firm has a market cap of $29.60 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. Copart, Inc. has a 12 month low of $25.72 and a 12 month high of $42.05. The company’s 50-day moving average price is $29.45 and its two-hundred day moving average price is $32.22.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, September 10th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). Copart had a return on equity of 15.93% and a net margin of 31.81%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. On average, research analysts expect that Copart, Inc. will post 1.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Freedom Broker dropped their price target on shares of Copart from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, September 14th. Barclays set a $25.00 price objective on Copart and gave the company an “underweight” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. upgraded Copart from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $32.00 to $40.00 in a research note on Thursday, September 3rd. Stephens reiterated an “equal weight” rating and issued a $35.00 price objective on shares of Copart in a research note on Thursday, August 20th. Finally, Barrington Research raised Copart from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.90.

Insider Buying and Selling

In related news, Director Diane Morefield sold 20,000 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $27.66, for a total transaction of $553,200.00. Following the completion of the sale, the director directly owned 50,000 shares of the company’s stock, valued at $1,383,000. This trade represents a 28.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.60% of the stock is currently owned by company insiders.

About Copart

Copart, Inc operates an online vehicle auction and remarketing business. Its platform connects sellers with buyers of used and damaged vehicles, including cars, trucks, motorcycles and other equipment.

The company serves insurance companies, vehicle dealers, rental and fleet operators, financial institutions and other businesses, as well as individual buyers. Its services include online auctions, vehicle storage, title processing and support with vehicle transportation.

Founded in 1982 by Willis Johnson, Copart has expanded from its origins in the United States to serve customers in multiple countries, including markets in North America, Europe and the Middle East.