Gabelli Funds LLC Has $6,599,000 Stake in Copart, Inc. (CPRT)
Gabelli Funds LLC held its stake in Copart, Inc. (NASDAQ:CPRT) during the first quarter, Holdings Channel reports. The firm owned 106,562 shares of the business services provider’s stock at the end of the first quarter. Gabelli Funds LLC’s holdings in Copart were worth $6,599,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Hussman Strategic Advisors Inc. raised its stake in Copart by 100.0% in the third quarter. Hussman Strategic Advisors Inc. now owns 100,000 shares of the business services provider’s stock worth $5,356,000 after buying an additional 50,000 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in Copart by 2.3% in the third quarter. Hanseatic Management Services Inc. now owns 40,433 shares of the business services provider’s stock worth $2,166,000 after buying an additional 890 shares during the last quarter. Boston Financial Mangement LLC raised its stake in Copart by 13.9% in the third quarter. Boston Financial Mangement LLC now owns 172,364 shares of the business services provider’s stock worth $9,232,000 after buying an additional 21,003 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Copart by 51.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,188,686 shares of the business services provider’s stock worth $63,668,000 after buying an additional 402,518 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its stake in Copart by 7.6% in the third quarter. Riverhead Capital Management LLC now owns 6,500 shares of the business services provider’s stock worth $348,000 after buying an additional 461 shares during the last quarter. 79.68% of the stock is owned by institutional investors and hedge funds.
Copart, Inc. (NASDAQ:CPRT) traded down 0.03% on Friday, hitting $29.33. 1,366,274 shares of the stock traded hands. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 17.75 and a beta of 1.00. Copart, Inc. has a 12-month low of $28.89 and a 12-month high of $31.57. The stock has a 50-day moving average of $37.16 and a 200-day moving average of $52.01.
Copart (NASDAQ:CPRT) last posted its earnings results on Tuesday, February 21st. The business services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Copart had a net margin of 29.00% and a return on equity of 35.43%. The business had revenue of $349.50 million for the quarter, compared to analyst estimates of $339.23 million. During the same quarter in the prior year, the firm earned $0.45 EPS. Analysts forecast that Copart, Inc. will post $1.25 earnings per share for the current year.
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A number of equities research analysts recently weighed in on CPRT shares. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Friday, February 24th. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price objective on shares of Copart in a report on Tuesday, April 18th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.50.
In other news, Director James E. Meeks sold 16,500 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $60.52, for a total value of $998,580.00. Following the sale, the director now owns 16,500 shares of the company’s stock, valued at approximately $998,580. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO A Jayson Adair sold 200,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $62.06, for a total transaction of $12,412,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 269,703 shares of company stock worth $16,631,490. 17.00% of the stock is owned by insiders.
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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