Gobi Capital LLC Sells 15,699 Shares of Copart, Inc. (NASDAQ:CPRT)

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Gobi Capital LLC trimmed its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.9% during the second quarter, HoldingsChannel.com reports. The fund owned 794,016 shares of the business services provider’s stock after selling 15,699 shares during the period. Copart makes up approximately 4.8% of Gobi Capital LLC’s holdings, making the stock its 6th largest holding. Gobi Capital LLC’s holdings in Copart were worth $66,118,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Keybank National Association OH boosted its position in shares of Copart by 0.5% during the 2nd quarter. Keybank National Association OH now owns 21,672 shares of the business services provider’s stock worth $1,805,000 after purchasing an additional 108 shares in the last quarter. Cozad Asset Management Inc. boosted its position in shares of Copart by 2.6% during the 2nd quarter. Cozad Asset Management Inc. now owns 4,725 shares of the business services provider’s stock worth $393,000 after purchasing an additional 120 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Copart by 8.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,632 shares of the business services provider’s stock worth $136,000 after purchasing an additional 123 shares in the last quarter. Berman Capital Advisors LLC boosted its position in shares of Copart by 42.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 426 shares of the business services provider’s stock worth $35,000 after purchasing an additional 126 shares in the last quarter. Finally, Donaldson Capital Management LLC boosted its position in shares of Copart by 3.3% during the 2nd quarter. Donaldson Capital Management LLC now owns 5,256 shares of the business services provider’s stock worth $438,000 after purchasing an additional 166 shares in the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Jeffrey Liaw sold 94,334 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $81.33, for a total transaction of $7,672,184.22. Following the completion of the transaction, the chief financial officer now owns 58,334 shares of the company’s stock, valued at approximately $4,744,304.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.34% of the company’s stock.

NASDAQ:CPRT traded up $0.55 on Friday, reaching $103.49. The stock had a trading volume of 2,724,853 shares, compared to its average volume of 1,270,095. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 3.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.70. The firm’s fifty day moving average is $96.84 and its two-hundred day moving average is $84.67. Copart, Inc. has a 12-month low of $55.69 and a 12-month high of $110.00.

Copart (NASDAQ:CPRT) last released its earnings results on Wednesday, September 2nd. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.31. Copart had a net margin of 31.73% and a return on equity of 27.68%. The company had revenue of $525.66 million for the quarter, compared to analyst estimates of $436.38 million. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, research analysts forecast that Copart, Inc. will post 2.59 earnings per share for the current fiscal year.

Several equities research analysts recently commented on CPRT shares. SunTrust Banks decreased their price objective on shares of Copart from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Guggenheim boosted their price objective on shares of Copart from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. They noted that the move was a valuation call. Truist boosted their price objective on shares of Copart from $95.00 to $110.00 in a research report on Monday, August 24th. JPMorgan Chase & Co. boosted their price objective on shares of Copart from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, June 19th. Finally, Cfra decreased their price objective on shares of Copart from $90.00 to $85.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $93.10.

Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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