Meeder Asset Management Inc. boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 61.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,935 shares of the business services provider’s stock after purchasing an additional 9,106 shares during the period. Meeder Asset Management Inc.’s holdings in Copart were worth $1,450,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CSat Investment Advisory L.P. lifted its stake in Copart by 120.4% in the fourth quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock worth $25,000 after purchasing an additional 283 shares during the last quarter. Doyle Wealth Management bought a new stake in Copart in the fourth quarter worth $29,000. Lindbrook Capital LLC bought a new stake in Copart in the fourth quarter worth $41,000. First Personal Financial Services lifted its stake in Copart by 142.6% in the fourth quarter. First Personal Financial Services now owns 1,368 shares of the business services provider’s stock worth $65,000 after purchasing an additional 804 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Copart by 2,981.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,084,103 shares of the business services provider’s stock worth $65,000 after purchasing an additional 2,984,019 shares during the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on CPRT shares. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Monday, February 4th. BidaskClub downgraded shares of Copart from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 22nd. ValuEngine raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. SunTrust Banks boosted their price target on shares of Copart to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, Barrington Research reissued a “hold” rating on shares of Copart in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $59.67.

Shares of NASDAQ:CPRT opened at $64.80 on Thursday. The stock has a market cap of $14.87 billion, a PE ratio of 37.46, a PEG ratio of 1.52 and a beta of 0.95. The company has a quick ratio of 1.61, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. Copart, Inc. has a 12 month low of $44.61 and a 12 month high of $67.08.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, February 20th. The business services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $484.90 million during the quarter, compared to the consensus estimate of $488.54 million. Copart had a net margin of 25.75% and a return on equity of 30.20%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, equities analysts anticipate that Copart, Inc. will post 2.15 earnings per share for the current year.

In other news, EVP William E. Franklin sold 140,000 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $58.44, for a total transaction of $8,181,600.00. Following the completion of the transaction, the executive vice president now directly owns 157,967 shares of the company’s stock, valued at $9,231,591.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.99% of the company’s stock.

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Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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