Nadler Financial Group Inc. Invests $216,000 in Copart, Inc. (CPRT)
Nadler Financial Group Inc. acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,000 shares of the business services provider’s stock, valued at approximately $216,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Burgundy Asset Management Ltd. lifted its stake in shares of Copart by 10.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 438,406 shares of the business services provider’s stock worth $15,068,000 after buying an additional 41,017 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Copart during the 3rd quarter worth about $816,000. Wolverine Trading LLC lifted its stake in shares of Copart by 44.9% during the 3rd quarter. Wolverine Trading LLC now owns 11,595 shares of the business services provider’s stock worth $399,000 after buying an additional 3,595 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Copart by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 604,962 shares of the business services provider’s stock worth $20,793,000 after buying an additional 33,262 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Copart during the 3rd quarter worth about $563,000. 78.60% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $46.00 target price on shares of Copart in a research note on Friday, December 22nd. BidaskClub cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Gabelli restated a “hold” rating on shares of Copart in a research note on Friday, November 24th. JPMorgan Chase & Co. raised their target price on shares of Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, November 24th. Finally, Jefferies Group raised their target price on shares of Copart to $40.00 and gave the stock a “hold” rating in a research note on Thursday, November 23rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Copart presently has an average rating of “Hold” and a consensus target price of $41.80.
Shares of Copart, Inc. (NASDAQ CPRT) traded up $0.35 during trading on Friday, reaching $44.85. 775,634 shares of the company’s stock traded hands, compared to its average volume of 1,046,067. Copart, Inc. has a twelve month low of $27.74 and a twelve month high of $44.87. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The firm has a market cap of $10,240.00, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30.
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, topping the consensus estimate of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The business had revenue of $419.17 million during the quarter, compared to analysts’ expectations of $377.37 million. During the same quarter in the previous year, the company earned $0.29 EPS. equities analysts forecast that Copart, Inc. will post 1.52 EPS for the current year.
In other Copart news, Director Daniel J. Englander sold 68,004 shares of Copart stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total value of $2,950,013.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matt Blunt sold 116,667 shares of Copart stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.
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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