Contravisory Investment Management Inc. boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 100.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,984 shares of the business services provider’s stock after buying an additional 3,992 shares during the period. Contravisory Investment Management Inc.’s holdings in Copart were worth $254,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CPRT. Parametrica Management Ltd acquired a new stake in Copart during the second quarter valued at $413,000. Russell Investments Group Ltd. boosted its stake in Copart by 53.2% in the second quarter. Russell Investments Group Ltd. now owns 292,410 shares of the business services provider’s stock valued at $9,294,000 after buying an additional 101,579 shares during the last quarter. Huntington National Bank boosted its stake in Copart by 136.5% in the second quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,249 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in Copart by 92.4% in the second quarter. Conestoga Capital Advisors LLC now owns 73,747 shares of the business services provider’s stock valued at $2,344,000 after buying an additional 35,411 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Copart by 193.2% in the second quarter. Whittier Trust Co. now owns 61,727 shares of the business services provider’s stock valued at $1,963,000 after buying an additional 40,675 shares during the last quarter. 49.65% of the stock is currently owned by institutional investors and hedge funds.
Copart, Inc. (NASDAQ:CPRT) opened at 32.23 on Thursday. The company has a market cap of $7.42 billion, a PE ratio of 18.60 and a beta of 1.22. Copart, Inc. has a 12 month low of $24.71 and a 12 month high of $32.35. The company has a 50-day moving average of $31.41 and a 200 day moving average of $41.30.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Copart had a net margin of 29.10% and a return on equity of 33.20%. The business had revenue of $373.90 million for the quarter, compared to the consensus estimate of $386.61 million. During the same period in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts forecast that Copart, Inc. will post $1.25 earnings per share for the current fiscal year.
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CPRT has been the subject of a number of research reports. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, April 25th. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price target on shares of Copart in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Copart currently has a consensus rating of “Hold” and a consensus target price of $48.80.
Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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