C M Bidwell & Associates Ltd. grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 98.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 142,443 shares of the business services provider’s stock after acquiring an additional 70,663 shares during the quarter. C M Bidwell & Associates Ltd. owned about 0.06% of Copart worth $4,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPRT. Vanguard Group Inc. increased its holdings in shares of Copart by 103.5% in the 2nd quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider’s stock valued at $514,387,000 after acquiring an additional 8,230,677 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Copart by 103.6% in the 2nd quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock valued at $511,611,000 after acquiring an additional 8,189,852 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Copart by 91.4% in the 2nd quarter. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider’s stock valued at $334,636,000 after acquiring an additional 5,025,918 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Copart by 106.5% in the 2nd quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider’s stock valued at $235,810,000 after acquiring an additional 3,826,242 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Copart by 127.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,556,532 shares of the business services provider’s stock valued at $208,433,000 after acquiring an additional 3,672,956 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Copart, Inc. (NASDAQ:CPRT) traded up 0.17% on Friday, hitting $35.24. The stock had a trading volume of 807,803 shares. Copart, Inc. has a 12-month low of $28.89 and a 12-month high of $63.14. The firm has a market cap of $8.13 billion, a PE ratio of 21.23 and a beta of 1.19. The company’s 50 day moving average is $33.03 and its 200 day moving average is $34.71.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Tuesday, September 19th. The business services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Copart had a return on equity of 31.83% and a net margin of 27.23%. The business had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $355.42 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts expect that Copart, Inc. will post $1.43 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. CJS Securities reiterated an “outperform” rating and issued a $42.00 price objective on shares of Copart in a report on Thursday. Zacks Investment Research downgraded Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Robert W. Baird increased their price objective on Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price objective on shares of Copart in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.33.

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In other Copart news, Director James E. Meeks sold 160,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the sale, the director now owns 3,500 shares in the company, valued at $120,155. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Vincent W. Mitz sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $34.32, for a total value of $6,864,000.00. Following the sale, the president now owns 47,660 shares in the company, valued at approximately $1,635,691.20. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

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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