Penserra Capital Management LLC boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 123.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 209,174 shares of the business services provider’s stock after acquiring an additional 115,529 shares during the quarter. Copart comprises 1.2% of Penserra Capital Management LLC’s holdings, making the stock its 24th biggest position. Penserra Capital Management LLC’s holdings in Copart were worth $9,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado increased its position in Copart by 3.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock worth $1,839,000 after buying an additional 1,265 shares during the period. Sei Investments Co. increased its position in Copart by 3.2% during the third quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock worth $1,544,000 after buying an additional 1,382 shares during the period. Crossmark Global Holdings Inc. increased its position in Copart by 6.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 25,164 shares of the business services provider’s stock worth $1,087,000 after buying an additional 1,442 shares during the period. Advisors Asset Management Inc. increased its position in Copart by 8.4% during the third quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock worth $792,000 after buying an additional 1,778 shares during the period. Finally, Comerica Bank increased its position in Copart by 1.0% during the fourth quarter. Comerica Bank now owns 173,484 shares of the business services provider’s stock worth $7,759,000 after buying an additional 1,782 shares during the period. 77.81% of the stock is currently owned by institutional investors.

Copart, Inc. (NASDAQ CPRT) opened at $41.54 on Monday. The stock has a market capitalization of $9,608.37, a P/E ratio of 32.45, a PEG ratio of 1.35 and a beta of 1.12. 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, Inc. has a twelve month low of $28.44 and a twelve month high of $46.09.

Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The business had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. Copart had a return on equity of 29.96% and a net margin of 20.01%. During the same quarter in the previous year, the company posted $0.29 earnings per share. sell-side analysts forecast that Copart, Inc. will post 1.52 EPS for the current year.

In related news, Director Daniel J. Englander sold 68,004 shares of Copart stock in a transaction that occurred on 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 SEC, which is available through the SEC website. Also, Director Matt Blunt sold 116,667 shares of Copart stock in a transaction that occurred on Tuesday, November 28th. The shares were 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 owned by insiders.

A number of research firms have recently issued reports on CPRT. Stephens raised Copart from an “equal weight” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Thursday. BidaskClub lowered Copart from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. boosted their target price on Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, November 24th. Finally, Jefferies Group boosted their target price on Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.17.

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Copart 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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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