McElhenny Sheffield Capital Management LLC acquired a new position in Copart, Inc. (NASDAQ:CPRT – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 977 shares of the business services provider’s stock, valued at approximately $59,000.
Other hedge funds have also recently added to or reduced their stakes in the company. General Partner Inc. acquired a new position in Copart in the fourth quarter worth approximately $26,000. SeaCrest Wealth Management LLC bought a new stake in Copart during the second quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV boosted its position in Copart by 177.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 294 shares of the business services provider’s stock worth $31,000 after purchasing an additional 188 shares during the period. CI Investments Inc. boosted its position in Copart by 1,003.8% during the third quarter. CI Investments Inc. now owns 287 shares of the business services provider’s stock worth $31,000 after purchasing an additional 261 shares during the period. Finally, American National Bank boosted its position in Copart by 2,263.6% during the fourth quarter. American National Bank now owns 520 shares of the business services provider’s stock worth $32,000 after purchasing an additional 498 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.
Analyst Ratings Changes
CPRT has been the subject of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $78.00 target price on shares of Copart in a research report on Tuesday, February 21st. Robert W. Baird upped their target price on Copart from $74.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Guggenheim upped their target price on Copart from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Finally, StockNews.com initiated coverage on Copart in a research report on Thursday. They set a “buy” rating for the company.
Copart Trading Down 0.4 %
CPRT opened at $69.72 on Friday. Copart, Inc. has a 1-year low of $51.10 and a 1-year high of $71.68. The stock has a market capitalization of $33.23 billion, a price-to-earnings ratio of 30.99 and a beta of 1.21. The business has a 50 day moving average of $67.55 and a 200-day moving average of $62.04.
Copart (NASDAQ:CPRT – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.05. Copart had a return on equity of 22.93% and a net margin of 29.45%. The company had revenue of $956.72 million during the quarter, compared to analysts’ expectations of $934.36 million. During the same period in the prior year, the business earned $0.55 earnings per share. Equities analysts predict that Copart, Inc. will post 2.34 EPS for the current year.
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.
- Get a free copy of the StockNews.com research report on Copart (CPRT)
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