New Amsterdam Partners LLC NY Acquires 89,385 Shares of Copart, Inc. (NASDAQ:CPRT)
New Amsterdam Partners LLC NY raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 169.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,113 shares of the business services provider’s stock after buying an additional 89,385 shares during the period. New Amsterdam Partners LLC NY’s holdings in Copart were worth $4,518,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Winslow Evans & Crocker Inc. acquired a new stake in shares of Copart during the second quarter valued at about $100,000. Parallel Advisors LLC increased its stake in shares of Copart by 115.6% in the first quarter. Parallel Advisors LLC now owns 4,340 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,327 shares during the period. Huntington National Bank increased its stake in shares of Copart by 167.2% in the first quarter. Huntington National Bank now owns 2,381 shares of the business services provider’s stock valued at $148,000 after buying an additional 1,490 shares during the period. Smithfield Trust Co. increased its stake in shares of Copart by 104.8% in the second quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock valued at $171,000 after buying an additional 2,749 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of Copart during the first quarter valued at about $200,000. 42.25% of the stock is currently owned by institutional investors.
Copart, Inc. (CPRT) opened at 31.07 on Friday. The stock has a 50 day moving average of $31.35 and a 200-day moving average of $41.95. Copart, Inc. has a 52-week low of $28.89 and a 52-week high of $63.14. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 17.93 and a beta of 1.22.
Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $373.90 million during the quarter, compared to analyst estimates of $386.61 million. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that Copart, Inc. will post $1.25 EPS for the current year.
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Several analysts have issued reports on CPRT shares. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target on shares of Copart in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Copart presently has an average rating of “Hold” and an average 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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