Crossmark Global Holdings Inc. Invests $815,000 in Copart, Inc. (CPRT) Stock
Crossmark Global Holdings Inc. purchased a new position in Copart, Inc. (NASDAQ:CPRT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,722 shares of the business services provider’s stock, valued at approximately $815,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Winslow Evans & Crocker Inc. bought a new position in shares of Copart during the second quarter worth $100,000. Salem Investment Counselors Inc. boosted its position in shares of Copart by 100.0% during the second quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after acquiring an additional 2,047 shares during the last quarter. Parallel Advisors LLC raised its stake in Copart by 2.6% during the second quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 111 shares in the last quarter. Smithfield Trust Co. raised its stake in Copart by 104.8% during the second quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 2,749 shares in the last quarter. Finally, Huntington National Bank raised its stake in Copart by 136.5% during the second quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 3,249 shares in the last quarter. Institutional investors and hedge funds own 78.71% of the company’s stock.
Copart, Inc. (NASDAQ CPRT) opened at $35.88 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50. Copart, Inc. has a 1-year low of $26.48 and a 1-year high of $36.76. The stock has a market cap of $8,286.83, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.
Copart (NASDAQ:CPRT) last issued 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. Copart had a net margin of 27.23% and a return on equity of 31.83%. The company had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $355.42 million. During the same period in the prior year, the business earned $0.31 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. equities analysts anticipate that Copart, Inc. will post 1.41 earnings per share for the current year.
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In related news, Director James E. Meeks sold 160,000 shares of Copart stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $34.33, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Vincent W. Mitz sold 200,000 shares of Copart stock in a transaction that occurred 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 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. 16.40% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on CPRT. Wolfe Research began coverage on shares of Copart in a research note on Tuesday, November 7th. They set a “market perform” rating on the stock. CJS Securities reissued an “outperform” rating and issued a $42.00 target price on shares of Copart in a research note on Thursday, October 5th. Robert W. Baird increased their target price on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, September 21st. Finally, Zacks Investment Research downgraded shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.33.
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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