WINTON GROUP Ltd Increases Holdings in Copart, Inc. (CPRT)
WINTON GROUP Ltd grew its position in Copart, Inc. (NASDAQ:CPRT) by 210.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,590 shares of the business services provider’s stock after acquiring an additional 18,716 shares during the quarter. WINTON GROUP Ltd’s holdings in Copart were worth $877,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. bought a new position in shares of Copart during the 2nd quarter worth approximately $100,000. Salem Investment Counselors Inc. lifted its position in shares of Copart by 100.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after buying an additional 2,047 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of Copart during the 1st quarter worth approximately $254,000. Parallel Advisors LLC lifted its position in shares of Copart by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock worth $140,000 after buying an additional 111 shares during the period. Finally, Smithfield Trust Co. lifted its position in shares of Copart by 104.8% during the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock worth $171,000 after buying an additional 2,749 shares during the period. Institutional investors own 79.57% of the company’s stock.
In other Copart news, Director James E. Meeks sold 160,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the completion of the sale, the director now directly owns 3,500 shares in the company, valued at approximately $120,155. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Vincent W. Mitz sold 200,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $34.32, for a total value of $6,864,000.00. Following the sale, the president now owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The disclosure for this sale can be found here. 17.00% of the stock is owned by company insiders.
Shares of Copart, Inc. (NASDAQ CPRT) opened at 36.48 on Friday. Copart, Inc. has a 52 week low of $25.37 and a 52 week high of $36.65. The company’s 50 day moving average price is $34.25 and its 200-day moving average price is $31.82. The firm has a market capitalization of $8.42 billion, a PE ratio of 21.98 and a beta of 1.19.
Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The business had revenue of $378.60 million during the quarter, compared to analyst estimates of $355.42 million. Copart had a return on equity of 31.83% and a net margin of 27.23%. Copart’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. On average, equities research analysts expect that Copart, Inc. will post $1.43 EPS for the current fiscal year.
Several research firms recently commented on CPRT. Jefferies Group LLC restated a “hold” rating and set a $33.00 target price on shares of Copart in a research report on Thursday, July 6th. Robert W. Baird raised their target price on Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 21st. Zacks Investment Research downgraded Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, CJS Securities restated an “outperform” rating and set a $42.00 target price on shares of Copart in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Copart presently has a consensus rating of “Hold” and a consensus target price of $37.33.
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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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