Hodges Capital Management Inc. Cuts Holdings in Copart, Inc. (CPRT)
Hodges Capital Management Inc. cut its stake in Copart, Inc. (NASDAQ:CPRT) by 93.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,812 shares of the business services provider’s stock after selling 118,600 shares during the quarter. Hodges Capital Management Inc.’s holdings in Copart were worth $337,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in CPRT. Suntrust Banks Inc. increased its position in shares of Copart by 169.1% during the second quarter. Suntrust Banks Inc. now owns 9,022 shares of the business services provider’s stock worth $286,000 after acquiring an additional 5,669 shares during the last quarter. Advisor Group Inc. increased its position in shares of Copart by 109.8% during the second quarter. Advisor Group Inc. now owns 8,405 shares of the business services provider’s stock worth $267,000 after acquiring an additional 4,399 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Copart by 97.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,379,259 shares of the business services provider’s stock worth $43,844,000 after acquiring an additional 679,362 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Copart by 96.1% during the second quarter. Voya Investment Management LLC now owns 77,431 shares of the business services provider’s stock worth $2,462,000 after acquiring an additional 37,938 shares during the last quarter. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Copart during the second quarter worth about $792,000. 78.08% of the stock is currently owned by institutional investors.
Copart, Inc. (NASDAQ:CPRT) opened at $41.54 on Friday. The company has a market capitalization of $9,608.37, a PE ratio of 32.45, a P/E/G ratio of 1.35 and a beta of 1.12. Copart, Inc. has a 52 week low of $28.44 and a 52 week high of $46.09. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.
In related news, Director Daniel J. Englander sold 68,004 shares of Copart stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 value of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.
A number of brokerages have recently issued reports on CPRT. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. BidaskClub lowered Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Stephens set a $49.00 price target on Copart and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Robert W. Baird reiterated a “buy” rating and issued a $46.00 price target on shares of Copart in a research note on Friday, December 22nd. Finally, Gabelli reiterated a “hold” rating on shares of Copart in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $44.17.
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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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