Copart, Inc. (CPRT) Holdings Increased by Bowie Capital Management LLC
Bowie Capital Management LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 96.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,000 shares of the business services provider’s stock after buying an additional 92,000 shares during the quarter. Copart makes up approximately 1.6% of Bowie Capital Management LLC’s holdings, making the stock its 16th largest holding. Bowie Capital Management LLC owned 0.08% of Copart worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Winslow Evans & Crocker Inc. purchased a new stake in Copart in the 2nd quarter valued at about $100,000. Parallel Advisors LLC grew its holdings in Copart by 115.6% in the 1st quarter. Parallel Advisors LLC now owns 4,340 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,327 shares during the period. Smithfield Trust Co. grew its holdings in Copart by 104.8% in the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock valued at $171,000 after buying an additional 2,749 shares during the period. Huntington National Bank grew its holdings in Copart by 136.5% in the 2nd quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,249 shares during the period. Finally, CAPROCK Group Inc. purchased a new stake in Copart in the 2nd quarter valued at about $200,000. Institutional investors own 79.74% of the company’s stock.
CPRT has been the subject of several recent analyst reports. Zacks Investment Research cut Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Robert W. Baird lifted their price target on Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Jefferies Group LLC restated a “hold” rating and issued a $33.00 price target on shares of Copart in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Copart currently has a consensus rating of “Hold” and a consensus price target of $45.60.
Copart, Inc. (CPRT) traded down 0.03% during mid-day trading on Thursday, reaching $33.85. The company’s stock had a trading volume of 311,015 shares. The firm has a 50-day moving average of $31.93 and a 200 day moving average of $36.82. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 19.53 and a beta of 1.19. Copart, Inc. has a 1-year low of $24.91 and a 1-year high of $34.21.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $378.60 million for the quarter, compared to analyst estimates of $355.42 million. Copart had a return on equity of 33.56% and a net margin of 27.23%. Copart’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities analysts expect that Copart, Inc. will post $1.40 earnings per share for the current year.
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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