BB&T Securities LLC reduced its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,947 shares of the business services provider’s stock after selling 653 shares during the quarter. BB&T Securities LLC’s holdings in Copart were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Arabesque Asset Management Ltd purchased a new stake in shares of Copart during the second quarter worth about $3,389,000. Commerce Bank purchased a new stake in shares of Copart during the second quarter worth about $203,000. Dupont Capital Management Corp grew its holdings in shares of Copart by 11.5% during the second quarter. Dupont Capital Management Corp now owns 57,756 shares of the business services provider’s stock worth $4,317,000 after buying an additional 5,956 shares in the last quarter. National Asset Management Inc. grew its holdings in shares of Copart by 12.9% during the second quarter. National Asset Management Inc. now owns 4,377 shares of the business services provider’s stock worth $328,000 after buying an additional 499 shares in the last quarter. Finally, AXA grew its holdings in shares of Copart by 328.8% during the second quarter. AXA now owns 482,000 shares of the business services provider’s stock worth $36,025,000 after buying an additional 369,600 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

CPRT opened at $81.46 on Friday. The company’s 50 day simple moving average is $81.80 and its 200 day simple moving average is $75.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 2.44. Copart, Inc. has a 1 year low of $44.61 and a 1 year high of $85.31. The stock has a market capitalization of $19.11 billion, a PE ratio of 36.20, a P/E/G ratio of 1.54 and a beta of 0.81.

Copart (NASDAQ:CPRT) last released its earnings results on Wednesday, September 4th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Copart had a net margin of 28.98% and a return on equity of 32.83%. The business had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $517.84 million. During the same period last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, sell-side analysts expect that Copart, Inc. will post 2.67 earnings per share for the current fiscal year.

CPRT has been the subject of a number of recent research reports. Guggenheim upgraded shares of Copart from a “neutral” rating to a “buy” rating and set a $93.00 price target for the company in a report on Friday, October 18th. BidaskClub downgraded shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Copart from $62.00 to $71.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. ValuEngine downgraded shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Robert W. Baird set a $85.00 price target on shares of Copart and gave the stock a “buy” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Copart presently has an average rating of “Hold” and a consensus price target of $80.40.

Copart 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.

Further Reading: Equal Weight Rating

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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