LaFleur & Godfrey LLC Purchases 131,045 Shares of Copart, Inc. (NASDAQ:CPRT)
LaFleur & Godfrey LLC boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 95.1% during the second quarter, Holdings Channel reports. The fund owned 268,790 shares of the business services provider’s stock after buying an additional 131,045 shares during the period. Copart accounts for 2.2% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 14th largest position. LaFleur & Godfrey LLC’s holdings in Copart were worth $8,545,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sigma Planning Corp purchased a new position in Copart during the second quarter valued at $1,351,000. Rhumbline Advisers boosted its position in Copart by 102.4% in the second quarter. Rhumbline Advisers now owns 437,728 shares of the business services provider’s stock valued at $13,915,000 after buying an additional 221,509 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Copart by 101.5% in the second quarter. Teacher Retirement System of Texas now owns 16,485 shares of the business services provider’s stock valued at $524,000 after buying an additional 8,303 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Copart by 64.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 81,218 shares of the business services provider’s stock valued at $2,551,000 after buying an additional 31,909 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Copart by 134.1% in the second quarter. First Trust Advisors LP now owns 722,847 shares of the business services provider’s stock valued at $22,979,000 after buying an additional 414,020 shares during the last quarter. Hedge funds and other institutional investors own 42.25% of the company’s stock.
Copart, Inc. (CPRT) opened at 31.07 on Friday. The company has a 50 day moving average price of $31.35 and a 200-day moving average price of $41.95. Copart, Inc. has a 12 month low of $28.89 and a 12 month high of $63.14. The company has a market cap of $7.16 billion, a PE ratio of 17.93 and a beta of 1.22.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $386.61 million. Copart had a return on equity of 33.20% and a net margin of 29.10%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities analysts predict that Copart, Inc. will post $1.25 earnings per share for the current fiscal year.
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Several research firms have weighed in on CPRT. Zacks Investment Research cut Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price objective on shares of Copart in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.80.
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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