Copart, Inc. (NASDAQ:CPRT) Stock Holdings Reduced by Capital International Inc. CA

Capital International Inc. CA cut its position in shares of Copart, Inc. (NASDAQ:CPRT) by 23.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,681 shares of the business services provider’s stock after selling 62,410 shares during the period. Capital International Inc. CA’s holdings in Copart were worth $12,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in Copart during the first quarter worth $28,000. Pinnacle Bancorp Inc. lifted its holdings in Copart by 79.6% in the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after purchasing an additional 234 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in Copart during the first quarter worth approximately $36,000. Pittenger & Anderson Inc. grew its holdings in Copart by 125.8% during the first quarter. Pittenger & Anderson Inc. now owns 718 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 400 shares during the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of Copart in the fourth quarter valued at approximately $38,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Up 1.2 %

Copart stock traded up $0.62 during trading hours on Friday, hitting $51.05. The stock had a trading volume of 3,969,340 shares, compared to its average volume of 4,488,640. The company has a 50-day moving average of $53.64 and a two-hundred day moving average of $53.27. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The company has a market cap of $49.13 billion, a PE ratio of 35.95 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Copart had a return on equity of 20.80% and a net margin of 33.33%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $0.36 earnings per share. Copart’s revenue was up 10.3% on a year-over-year basis. As a group, analysts forecast that Copart, Inc. will post 1.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their target price on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.00.

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.