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.
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.
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