Montag A & Associates Inc. reduced its holdings in Copart, Inc. (NASDAQ:CPRT) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,485 shares of the business services provider’s stock after selling 7,050 shares during the quarter. Montag A & Associates Inc.’s holdings in Copart were worth $2,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Copart by 103.5% during the second quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider’s stock worth $514,387,000 after purchasing an additional 8,230,677 shares during the last quarter. BlackRock Inc. raised its holdings in Copart by 103.6% during the second quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock worth $511,611,000 after purchasing an additional 8,189,852 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Copart by 91.4% during the second quarter. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider’s stock worth $334,636,000 after purchasing an additional 5,025,918 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Copart by 30.6% during the second quarter. Lazard Asset Management LLC now owns 8,842,644 shares of the business services provider’s stock worth $281,107,000 after purchasing an additional 2,070,426 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Copart by 106.5% during the second quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider’s stock worth $235,810,000 after purchasing an additional 3,826,242 shares during the last quarter. 78.71% of the stock is owned by institutional investors and hedge funds.

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In other Copart news, President Vincent W. Mitz sold 200,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the completion of the transaction, the president now owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Meeks sold 160,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $34.33, for a total value of $5,492,800.00. Following the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $120,155. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Several brokerages recently issued reports on CPRT. Wolfe Research began coverage on Copart in a report on Tuesday, November 7th. They set a “market perform” rating for the company. Robert W. Baird lifted their price objective on Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 21st. Zacks Investment Research cut Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, CJS Securities reissued an “outperform” rating and set a $42.00 price target on shares of Copart in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.33.

Copart, Inc. (NASDAQ:CPRT) traded up $0.03 during trading on Tuesday, reaching $35.88. The company’s stock had a trading volume of 586,900 shares, compared to its average volume of 1,072,445. The company has a quick ratio of 1.91, a current ratio of 1.94 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $8,286.83, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. Copart, Inc. has a one year low of $26.48 and a one year high of $36.76.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $378.60 million during the quarter, compared to the consensus estimate of $355.42 million. Copart had a return on equity of 31.83% and a net margin of 27.23%. Copart’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. research analysts anticipate that Copart, Inc. will post 1.41 earnings per share for the current fiscal year.

Copart 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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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