Copart, Inc. (CPRT) Position Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 929,749 shares of the business services provider’s stock after acquiring an additional 3,453 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Copart were worth $40,156,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in Copart by 3.2% during the 3rd quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock worth $1,544,000 after acquiring an additional 1,382 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Copart by 8.4% in the third quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock valued at $792,000 after buying an additional 1,778 shares in the last quarter. Navellier & Associates Inc lifted its stake in Copart by 9.9% in the second quarter. Navellier & Associates Inc now owns 19,916 shares of the business services provider’s stock valued at $633,000 after buying an additional 1,801 shares in the last quarter. Montag & Caldwell LLC lifted its stake in Copart by 19.3% in the third quarter. Montag & Caldwell LLC now owns 16,619 shares of the business services provider’s stock valued at $571,000 after buying an additional 2,691 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Copart by 0.8% in the third quarter. Swiss National Bank now owns 346,700 shares of the business services provider’s stock valued at $11,916,000 after buying an additional 2,900 shares in the last quarter. 78.08% of the stock is currently owned by institutional investors and hedge funds.

Copart, Inc. (NASDAQ CPRT) opened at $40.75 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. Copart, Inc. has a one year low of $28.44 and a one year high of $46.09. The firm has a market cap of $9,654.63, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 1.36 and a beta of 1.12.

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

A number of research analysts have weighed in on CPRT shares. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price target on shares of Copart in a research note on Friday, November 24th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, November 21st. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Jefferies Group lifted their price target on shares of Copart to $40.00 and gave the company a “hold” rating in a research note on Thursday, November 23rd. Finally, Stephens set a $49.00 price target on shares of Copart and gave the company a “hold” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $44.17.

In other news, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total value of $2,950,013.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction on 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.

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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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