Copart, Inc. (NASDAQ:CPRT) Director Daniel J. Englander sold 70,428 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $60.05, for a total transaction of $4,229,201.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of CPRT stock opened at $72.56 on Friday. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 23.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.08 and a current ratio of 2.13. The company has a 50-day simple moving average of $85.21 and a 200 day simple moving average of $87.21. Copart, Inc. has a 52 week low of $55.69 and a 52 week high of $104.88.
Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, February 19th. The business services provider reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $575.10 million during the quarter, compared to the consensus estimate of $576.09 million. Copart had a net margin of 32.95% and a return on equity of 32.56%. Copart’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. Sell-side analysts forecast that Copart, Inc. will post 2.69 EPS for the current year.
Several research analysts have recently weighed in on CPRT shares. BidaskClub upgraded shares of Copart from a “buy” rating to a “strong-buy” rating in a research note on Friday. Barrington Research restated a “hold” rating on shares of Copart in a research note on Tuesday, February 18th. Northcoast Research upgraded shares of Copart from a “neutral” rating to a “buy” rating in a research note on Monday. Robert W. Baird lowered their price objective on shares of Copart from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Finally, SunTrust Banks boosted their price objective on shares of Copart from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $86.60.
Several hedge funds have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Copart during the 4th quarter worth about $3,083,000. Macquarie Group Ltd. boosted its holdings in shares of Copart by 57.1% during the 4th quarter. Macquarie Group Ltd. now owns 10,889 shares of the business services provider’s stock worth $991,000 after buying an additional 3,957 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Copart by 29.6% during the 4th quarter. Franklin Resources Inc. now owns 155,349 shares of the business services provider’s stock worth $14,127,000 after buying an additional 35,488 shares during the period. Running Oak Capital LLC bought a new stake in shares of Copart during the 4th quarter worth about $2,327,000. Finally, Norges Bank bought a new stake in shares of Copart during the 4th quarter worth about $271,008,000. 78.58% of the stock is owned by institutional investors and hedge funds.
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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