Old Mutual Global Investors UK Ltd. decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 46.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 913,599 shares of the business services provider’s stock after selling 781,240 shares during the quarter. Old Mutual Global Investors UK Ltd. owned about 0.40% of Copart worth $31,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in shares of Copart by 2.6% during the second quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock valued at $140,000 after buying an additional 111 shares during the last quarter. Aperio Group LLC boosted its position in shares of Copart by 0.8% during the second quarter. Aperio Group LLC now owns 113,214 shares of the business services provider’s stock valued at $3,599,000 after buying an additional 926 shares during the last quarter. Atria Investments LLC boosted its position in shares of Copart by 30.0% during the second quarter. Atria Investments LLC now owns 6,418 shares of the business services provider’s stock valued at $204,000 after buying an additional 1,480 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Copart by 8.2% during the second quarter. Virginia Retirement Systems ET AL now owns 22,400 shares of the business services provider’s stock valued at $712,000 after buying an additional 1,700 shares during the last quarter. Finally, Navellier & Associates Inc boosted its position in shares of Copart by 9.9% during the second quarter. Navellier & Associates Inc now owns 19,916 shares of the business services provider’s stock valued at $633,000 after buying an additional 1,801 shares during the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.

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Copart, Inc. (NASDAQ CPRT) traded up $0.01 during mid-day trading on Tuesday, reaching $36.23. The company’s stock had a trading volume of 20,287 shares, compared to its average volume of 993,602. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 1.94. Copart, Inc. has a twelve month low of $25.53 and a twelve month high of $36.76. The stock has a market capitalization of $8,350.00, a PE ratio of 28.12, a P/E/G ratio of 1.35 and a beta of 1.24.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Tuesday, September 19th. The business services provider reported $0.35 earnings per share 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 earned $0.31 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. equities research analysts forecast that Copart, Inc. will post 1.41 earnings per share for the current year.

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

Several research analysts recently issued reports on the company. Wolfe Research assumed coverage on Copart in a research report on Tuesday. They set a “market perform” rating on the stock. CJS Securities reaffirmed an “outperform” rating and set a $42.00 target price on shares of Copart in a research report on Thursday, October 5th. Robert W. Baird lifted their target price on Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. Finally, Zacks Investment Research cut Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Copart currently has an average rating of “Hold” and a consensus price target of $37.33.

Copart 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.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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