Copart, Inc. $CPRT Stock Holdings Increased by State Street Corp

State Street Corp raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,406,503 shares of the business services provider’s stock after buying an additional 1,167,265 shares during the quarter. State Street Corp owned about 3.77% of Copart worth $1,786,467,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CPRT. Stephens Inc. AR raised its position in shares of Copart by 0.7% during the 2nd quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock valued at $1,487,000 after acquiring an additional 218 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Copart by 1.8% during the first quarter. Gamco Investors INC. ET AL now owns 12,590 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 220 shares during the last quarter. Brooklyn Investment Group increased its stake in Copart by 4.0% during the first quarter. Brooklyn Investment Group now owns 5,780 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 223 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Copart by 0.8% during the second quarter. Allworth Financial LP now owns 28,978 shares of the business services provider’s stock worth $1,422,000 after purchasing an additional 228 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Copart by 15.4% in the 2nd quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock worth $85,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 2.0%

CPRT opened at $39.19 on Thursday. The business’s 50 day moving average is $41.99 and its 200-day moving average is $45.82. The stock has a market cap of $37.94 billion, a PE ratio of 23.90 and a beta of 1.12. Copart, Inc. has a twelve month low of $38.18 and a twelve month high of $63.85.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.18 billion. Copart had a return on equity of 17.78% and a net margin of 34.24%.The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. As a group, analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on CPRT shares. Stephens decreased their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. HSBC set a $62.00 target price on Copart and gave the company a “buy” rating in a research note on Thursday, September 4th. Robert W. Baird dropped their price target on Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Barclays restated an “underweight” rating and set a $33.00 price objective (up previously from $32.00) on shares of Copart in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. dropped their target price on Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $47.60.

Insiders Place Their Bets

In other news, CEO Jeffrey Liaw sold 24,283 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the transaction, the chief executive officer directly owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This trade represents a 43.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The SEC filing for this sale provides additional information. Insiders have sold 353,123 shares of company stock worth $15,873,689 over the last three months. Corporate insiders own 9.60% of the company’s stock.

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.