Trexquant Investment LP Acquires 529 Shares of Copart, Inc. (NASDAQ:CPRT)

Trexquant Investment LP boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 13.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,411 shares of the business services provider’s stock after purchasing an additional 529 shares during the period. Trexquant Investment LP’s holdings in Copart were worth $464,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Freestone Capital Holdings LLC bought a new position in Copart during the third quarter worth about $75,000. GSA Capital Partners LLP bought a new position in Copart during the third quarter worth about $685,000. Blair William & Co. IL lifted its holdings in Copart by 1.3% during the third quarter. Blair William & Co. IL now owns 1,369,743 shares of the business services provider’s stock worth $144,042,000 after acquiring an additional 17,443 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Copart by 59.5% during the third quarter. Janney Montgomery Scott LLC now owns 143,875 shares of the business services provider’s stock worth $15,130,000 after acquiring an additional 53,643 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Copart by 24.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,830 shares of the business services provider’s stock worth $10,393,000 after acquiring an additional 19,552 shares in the last quarter. Hedge funds and other institutional investors own 71.56% of the company’s stock.

NASDAQ:CPRT opened at $114.47 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.65 and a current ratio of 2.71. The stock’s 50-day simple moving average is $114.99 and its 200 day simple moving average is $97.86. The company has a market cap of $27.02 billion, a P/E ratio of 39.07, a P/E/G ratio of 3.09 and a beta of 1.11. Copart, Inc. has a 52-week low of $55.69 and a 52-week high of $130.96.

Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, November 17th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Copart had a return on equity of 27.68% and a net margin of 31.73%. As a group, equities analysts predict that Copart, Inc. will post 2.89 earnings per share for the current fiscal year.

CPRT has been the topic of a number of research reports. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday. Truist boosted their price target on Copart from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, November 12th. JPMorgan Chase & Co. boosted their price target on Copart from $88.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Stephens boosted their price target on Copart from $90.00 to $96.00 and gave the company an “equal weight” rating in a report on Monday, August 31st. They noted that the move was a valuation call. Finally, BidaskClub lowered Copart from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 17th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $101.20.

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.

Further Reading: The Role of a Fiduciary and Individual Investors

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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