Allianz Asset Management GmbH lessened its holdings in Copart, Inc. (NASDAQ:CPRT) by 8.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,461 shares of the business services provider’s stock after selling 8,343 shares during the quarter. Allianz Asset Management GmbH’s holdings in Copart were worth $2,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CPRT. Sei Investments Co. grew its holdings in shares of Copart by 5,360.1% during the second quarter. Sei Investments Co. now owns 43,517 shares of the business services provider’s stock valued at $1,384,000 after buying an additional 42,720 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Copart by 105.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 889,890 shares of the business services provider’s stock valued at $28,290,000 after buying an additional 456,629 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Copart by 143.6% during the second quarter. Advisors Asset Management Inc. now owns 21,262 shares of the business services provider’s stock valued at $676,000 after buying an additional 12,535 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Copart by 102.4% during the second quarter. State of Wisconsin Investment Board now owns 39,574 shares of the business services provider’s stock valued at $1,258,000 after buying an additional 20,022 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Copart by 95.8% during the second quarter. Bank of New York Mellon Corp now owns 3,171,645 shares of the business services provider’s stock valued at $100,827,000 after buying an additional 1,551,747 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Copart, Inc. (NASDAQ:CPRT) opened at $43.35 on Friday. The firm has a market cap of $10,040.91, a P/E ratio of 33.87, a P/E/G ratio of 1.44 and a beta of 1.31. Copart, Inc. has a 52-week low of $27.56 and a 52-week high of $44.76. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million for the quarter, compared to the consensus estimate of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same quarter in the prior year, the firm earned $0.29 earnings per share. equities analysts expect that Copart, Inc. will post 1.5 EPS for the current year.

In other Copart news, Director James E. Meeks sold 160,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $34.33, for a total value of $5,492,800.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at $120,155. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Vincent W. Mitz sold 200,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the completion of the transaction, the president now owns 47,660 shares in the company, valued at $1,635,691.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 476,667 shares of company stock worth $17,252,147. 16.40% of the stock is owned by insiders.

A number of equities research analysts have recently commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $44.00 price target on shares of Copart in a report on Friday, November 24th. Jefferies Group increased their price target on shares of Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. Wolfe Research initiated coverage on shares of Copart in a report on Tuesday, November 7th. They set a “market perform” rating on the stock. Gabelli restated a “hold” rating on shares of Copart in a research report on Friday, November 24th. Finally, BidaskClub upgraded shares of Copart from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.80.

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About Copart

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.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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