Gamco Investors INC. ET AL Sells 200 Shares of Copart, Inc. (NASDAQ:CPRT)

Gamco Investors INC. ET AL decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 1.6% in the first quarter, Holdings Channel.com reports. The firm owned 12,620 shares of the business services provider’s stock after selling 200 shares during the period. Gamco Investors INC. ET AL’s holdings in Copart were worth $731,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Rise Advisors LLC bought a new position in Copart during the 1st quarter valued at approximately $28,000. Pinnacle Bancorp Inc. increased its holdings in shares of Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 234 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new position in shares of Copart in the 1st quarter worth about $36,000. Trust Co. of Vermont bought a new position in Copart in the 4th quarter worth about $38,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Copart during the 4th quarter valued at about $40,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Performance

Shares of NASDAQ:CPRT traded up $0.62 during midday trading on Friday, reaching $51.05. 3,969,340 shares of the company’s stock traded hands, compared to its average volume of 5,057,478. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The company has a market cap of $49.13 billion, a price-to-earnings ratio of 35.95 and a beta of 1.27. The stock has a 50 day moving average of $53.64 and a 200 day moving average of $53.31.

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

Analyst Upgrades and Downgrades

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