Copart, Inc. (CPRT) Shares Sold by Atlanta Capital Management Co. L L C
Atlanta Capital Management Co. L L C cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,837,092 shares of the business services provider’s stock after selling 19,422 shares during the period. Atlanta Capital Management Co. L L C owned 2.09% of Copart worth $166,251,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of CPRT. Vanguard Group Inc. increased its stake in shares of Copart by 103.5% during the second quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider’s stock valued at $514,387,000 after buying an additional 8,230,677 shares during the period. BlackRock Inc. grew its stake in Copart by 103.6% in the second quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock worth $511,611,000 after purchasing an additional 8,189,852 shares during the period. William Blair Investment Management LLC grew its stake in Copart by 91.4% in the second quarter. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider’s stock worth $334,636,000 after purchasing an additional 5,025,918 shares during the period. Principal Financial Group Inc. grew its stake in Copart by 106.5% in the second quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider’s stock worth $235,810,000 after purchasing an additional 3,826,242 shares during the period. Finally, Wasatch Advisors Inc. grew its stake in Copart by 109.9% in the second quarter. Wasatch Advisors Inc. now owns 7,061,828 shares of the business services provider’s stock worth $224,496,000 after purchasing an additional 3,697,382 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Copart, Inc. (CPRT) opened at $43.88 on Friday. The firm has a market capitalization of $10,066.35, a price-to-earnings ratio of 32.48, a P/E/G ratio of 1.44 and a beta of 1.31. Copart, Inc. has a 12 month low of $27.46 and a 12 month high of $43.97. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The company had revenue of $419.17 million for the quarter, compared to analysts’ expectations of $377.37 million. During the same period in the prior year, the firm earned $0.29 earnings per share. analysts predict that Copart, Inc. will post 1.5 EPS for the current year.
In other Copart news, President Vincent W. Mitz sold 200,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total value of $6,864,000.00. Following the sale, the president now directly owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total value of $4,895,347.32. The disclosure for this sale can be found here. Insiders sold 476,667 shares of company stock worth $17,252,147 over the last three months. Corporate insiders own 16.40% of the company’s stock.
Several brokerages recently weighed in on CPRT. BidaskClub raised Copart from a “hold” rating to a “buy” rating in a research note on Thursday. J P Morgan Chase & Co upped their price target on Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, November 24th. Gabelli reaffirmed a “hold” rating on shares of Copart in a research note on Friday, November 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price target on shares of Copart in a research note on Friday, November 24th. Finally, CJS Securities reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Copart in a research note on Thursday, October 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $41.40.
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Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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