Frontier Investment Mgmt Co. bought a new position in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,516 shares of the business services provider’s stock, valued at approximately $368,000.
Other large investors have also added to or reduced their stakes in the company. Nadler Financial Group Inc. purchased a new stake in shares of Copart in the 4th quarter worth about $216,000. IFP Advisors Inc grew its position in Copart by 216.3% during the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,755 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Copart during the 3rd quarter valued at about $200,000. Sapphire Star Partners LP purchased a new stake in Copart during the 3rd quarter valued at about $205,000. Finally, Massey Quick Simon & CO. LLC purchased a new stake in Copart during the 3rd quarter valued at about $223,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Daniel J. Englander sold 68,004 shares of the stock in a transaction that occurred on 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 SEC, which is available at the SEC website. Also, Director Matt Blunt sold 13,333 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $50.74, for a total transaction of $676,516.42. Following the completion of the transaction, the director now owns 3,333 shares in the company, valued at approximately $169,116.42. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.
Copart, Inc. (NASDAQ CPRT) traded down $0.07 on Wednesday, reaching $50.71. 1,090,923 shares of the company’s stock traded hands, compared to its average volume of 1,710,000. The company has a quick ratio of 1.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. The company has a market cap of $11,730.00, a PE ratio of 34.50, a P/E/G ratio of 1.46 and a beta of 1.02. Copart, Inc. has a 1-year low of $28.89 and a 1-year high of $51.51.
Copart (NASDAQ:CPRT) last posted its earnings results on Monday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The business had revenue of $459.11 million for the quarter, compared to analysts’ expectations of $427.11 million. Copart had a net margin of 20.95% and a return on equity of 30.94%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. research analysts forecast that Copart, Inc. will post 1.74 earnings per share for the current fiscal year.
CPRT has been the topic of several recent analyst reports. Gabelli reissued a “hold” rating on shares of Copart in a research report on Friday, November 24th. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, November 21st. Stephens set a $49.00 price objective on shares of Copart and gave the company a “hold” rating in a research report on Wednesday, January 17th. Finally, Robert W. Baird reissued a “buy” rating and set a $44.00 price objective on shares of Copart in a research report on Friday, November 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.17.
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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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