Traders sold shares of Copart, Inc. (NASDAQ:CPRT) on strength during trading on Tuesday. $24.26 million flowed into the stock on the tick-up and $83.57 million flowed out of the stock on the tick-down, for a money net flow of $59.31 million out of the stock. Of all equities tracked, Copart had the 0th highest net out-flow for the day. Copart traded up $0.10 for the day and closed at $51.52

A number of research firms have issued reports on CPRT. BidaskClub cut Copart from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut Copart from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. JPMorgan Chase & Co. cut Copart from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $48.00 to $47.00 in a research note on Friday, September 21st. Northcoast Research reissued a “neutral” rating on shares of Copart in a research note on Monday, September 17th. Finally, SunTrust Banks set a $63.00 target price on Copart and gave the company a “buy” rating in a research note on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $53.50.

The company has a debt-to-equity ratio of 0.25, a current ratio of 2.56 and a quick ratio of 2.27. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.04 and a beta of 0.94.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, September 19th. The business services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.06). The firm had revenue of $449.20 million for the quarter, compared to analyst estimates of $448.64 million. Copart had a return on equity of 29.92% and a net margin of 23.14%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. equities research analysts predict that Copart, Inc. will post 2.15 EPS for the current fiscal year.

In other news, insider William E. Franklin sold 90,000 shares of the company’s stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of $58.94, for a total transaction of $5,304,600.00. Following the completion of the transaction, the insider now directly owns 107,462 shares of the company’s stock, valued at $6,333,810.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 16.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. boosted its position in Copart by 88.5% during the second quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 926 shares during the last quarter. Financial Architects Inc boosted its position in Copart by 211.7% during the second quarter. Financial Architects Inc now owns 2,668 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 1,812 shares during the last quarter. Atlantic Trust LLC acquired a new position in Copart during the second quarter valued at approximately $165,000. CENTRAL TRUST Co boosted its position in Copart by 1,457.5% during the second quarter. CENTRAL TRUST Co now owns 3,115 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in Copart by 119.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 3,400 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 1,850 shares during the last quarter. 83.10% of the stock is owned by hedge funds and other institutional investors.

Copart Company Profile (NASDAQ:CPRT)

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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

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