Stock Traders Buy Large Volume of Copart Call Options (NASDAQ:CPRT)

Share on StockTwits

Copart, Inc. (NASDAQ:CPRT) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 4,412 call options on the stock. This is an increase of approximately 1,150% compared to the typical daily volume of 353 call options.

Several institutional investors and hedge funds have recently made changes to their positions in CPRT. Eaton Vance Management acquired a new position in shares of Copart in the 1st quarter worth approximately $216,000. Thrivent Financial for Lutherans increased its position in shares of Copart by 5.3% in the first quarter. Thrivent Financial for Lutherans now owns 46,211 shares of the business services provider’s stock worth $2,354,000 after acquiring an additional 2,340 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Copart in the first quarter worth approximately $875,000. Signaturefd LLC purchased a new position in shares of Copart in the first quarter worth approximately $111,000. Finally, BlackRock Inc. increased its position in shares of Copart by 4.7% in the first quarter. BlackRock Inc. now owns 17,080,908 shares of the business services provider’s stock worth $869,932,000 after acquiring an additional 760,714 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors.

Shares of CPRT traded up $1.33 during mid-day trading on Friday, hitting $50.38. The company’s stock had a trading volume of 2,159,025 shares, compared to its average volume of 2,075,697. The stock has a market capitalization of $11.97 billion, a P/E ratio of 29.12, a P/E/G ratio of 1.04 and a beta of 1.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.56 and a quick ratio of 2.27. Copart has a fifty-two week low of $35.32 and a fifty-two week high of $67.08.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, September 19th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06). The business had revenue of $449.20 million during the quarter, compared to analyst estimates of $448.64 million. Copart had a return on equity of 29.92% and a net margin of 23.14%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. As a group, equities research analysts forecast that Copart will post 2.15 EPS for the current fiscal year.

Several equities analysts have commented on the stock. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. SunTrust Banks set a $63.00 target price on shares of Copart and gave the company a “buy” rating in a research note on Thursday, September 20th. Gabelli raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Thursday, September 20th. Finally, Northcoast Research reissued a “neutral” rating on shares of Copart in a research note on Monday, September 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.14.

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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

Featured Story: How to Invest in Growth Stocks

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.