Sheets Smith Wealth Management lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,959 shares of the business services provider’s stock after buying an additional 1,700 shares during the period. Copart accounts for approximately 1.7% of Sheets Smith Wealth Management’s holdings, making the stock its 8th biggest position. Sheets Smith Wealth Management’s holdings in Copart were worth $6,305,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CPRT. Private Advisor Group LLC acquired a new position in Copart during the 2nd quarter valued at about $248,000. Dimensional Fund Advisors LP boosted its stake in Copart by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,305,852 shares of the business services provider’s stock valued at $73,856,000 after purchasing an additional 4,137 shares during the period. Korea Investment CORP acquired a new position in Copart during the 2nd quarter valued at about $4,994,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Copart during the 2nd quarter valued at about $305,000. Finally, OppenheimerFunds Inc. boosted its stake in Copart by 8.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 653,488 shares of the business services provider’s stock valued at $36,961,000 after purchasing an additional 52,201 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Barrington Research reissued a “hold” rating on shares of Copart in a research note on Tuesday, September 18th. BidaskClub lowered shares of Copart from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 15th. Zacks Investment Research lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, September 21st. SunTrust Banks set a $63.00 target price on shares of Copart and gave the company a “buy” rating in a research note on Friday, November 23rd. Finally, ValuEngine lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Copart currently has a consensus rating of “Hold” and a consensus target price of $56.67.

Shares of NASDAQ:CPRT traded up $0.06 during trading on Friday, reaching $50.66. The company had a trading volume of 50,828 shares, compared to its average volume of 1,783,576. The firm has a market cap of $11.77 billion, a P/E ratio of 29.30, a P/E/G ratio of 1.03 and a beta of 0.97. Copart, Inc. has a twelve month low of $39.21 and a twelve month high of $67.08. The company has a current ratio of 3.00, a quick ratio of 2.92 and a debt-to-equity ratio of 0.24.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, November 20th. The business services provider reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $461.40 million during the quarter, compared to analyst estimates of $460.09 million. Copart had a net margin of 24.59% and a return on equity of 29.95%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. Equities research analysts forecast that Copart, Inc. will post 2.12 EPS for the current year.

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About Copart

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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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