FCM Investments TX lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,676 shares of the business services provider’s stock after selling 10,977 shares during the quarter. Copart makes up 5.7% of FCM Investments TX’s portfolio, making the stock its 6th largest holding. FCM Investments TX’s holdings in Copart were worth $4,003,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Salem Investment Counselors Inc. raised 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 valued at $130,000 after purchasing an additional 2,047 shares during the period. IFP Advisors Inc raised its position in shares of Copart by 216.3% during the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,755 shares during the period. Crow Point Partners LLC bought a new stake in shares of Copart during the 3rd quarter valued at $198,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Copart during the 2nd quarter valued at $200,000. Finally, Private Advisor Group LLC bought a new stake in shares of Copart during the 3rd quarter valued at $200,000. Institutional investors and hedge funds own 78.62% of the company’s stock.

In related news, Director Daniel J. Englander sold 68,004 shares of Copart stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matt Blunt sold 116,667 shares of Copart stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

Copart, Inc. (CPRT) traded down $0.53 during trading on Wednesday, hitting $44.32. 825,300 shares of the stock were exchanged, compared to its average volume of 1,023,990. Copart, Inc. has a 12-month low of $27.74 and a 12-month high of $45.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.26. The company has a market cap of $10,220.00, a P/E ratio of 34.63, a PEG ratio of 1.46 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The firm had revenue of $419.17 million for the quarter, compared to the consensus estimate of $377.37 million. During the same period in the previous year, the firm posted $0.29 EPS. sell-side analysts forecast that Copart, Inc. will post 1.52 earnings per share for the current year.

Several analysts have recently commented on the stock. Stephens set a $49.00 price objective on shares of Copart and gave the company a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of Copart from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. lifted their price target on shares of Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, November 24th. Robert W. Baird reiterated a “buy” rating and issued a $46.00 price target on shares of Copart in a report on Friday, December 22nd. Finally, Gabelli reiterated a “hold” rating on shares of Copart in a report on Friday, November 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.00.

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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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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