Geode Capital Management LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,763,522 shares of the business services provider’s stock after acquiring an additional 47,719 shares during the quarter. Geode Capital Management LLC’s holdings in Copart were worth $76,166,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC bought a new position in shares of Copart during the 4th quarter worth approximately $108,000. Assetmark Inc. bought a new position in shares of Copart during the 4th quarter worth approximately $196,000. Private Advisor Group LLC bought a new position in shares of Copart during the 3rd quarter worth approximately $200,000. Nadler Financial Group Inc. purchased a new stake in Copart during the 4th quarter worth approximately $216,000. Finally, Massey Quick Simon & CO. LLC purchased a new stake in Copart during the 3rd quarter worth approximately $223,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.
CPRT has been the topic of several research analyst reports. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, February 8th. Robert W. Baird reissued a “buy” rating and set a $46.00 target price on shares of Copart in a research report on Friday, December 22nd. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Stephens set a $54.00 target price on shares of Copart and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Gabelli reissued a “hold” rating on shares of Copart in a research report on Friday, November 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $46.17.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Monday, February 26th. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.38 by $0.09. The business had revenue of $459.11 million for the quarter, compared to the consensus estimate of $427.11 million. Copart had a net margin of 20.95% and a return on equity of 30.94%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. equities analysts expect that Copart, Inc. will post 1.74 earnings per share for the current year.
In other news, Director Daniel J. Englander sold 68,004 shares of the company’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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.40% of the stock is owned by corporate insiders.
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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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