Copart, Inc. (NASDAQ:CPRT) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 6,180,000 shares, a growth of 31.2% from the December 15th total of 4,710,000 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average trading volume of 1,740,000 shares, the days-to-cover ratio is presently 3.6 days.

In related news, CEO A Jayson Adair sold 327,318 shares of Copart stock in a transaction on Monday, November 25th. The shares were sold at an average price of $90.49, for a total value of $29,619,005.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven D. Cohan sold 80,000 shares of Copart stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $92.14, for a total transaction of $7,371,200.00. Following the completion of the sale, the director now directly owns 80,000 shares of the company’s stock, valued at approximately $7,371,200. The disclosure for this sale can be found here. Insiders own 14.34% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CPRT. First Hawaiian Bank bought a new stake in shares of Copart during the 4th quarter worth $649,000. DNB Asset Management AS raised its stake in shares of Copart by 5.7% during the 4th quarter. DNB Asset Management AS now owns 37,840 shares of the business services provider’s stock worth $3,441,000 after purchasing an additional 2,050 shares during the period. Allred Capital Management LLC bought a new stake in shares of Copart during the 4th quarter worth $88,000. Meridian Wealth Management LLC raised its stake in shares of Copart by 24.7% during the 4th quarter. Meridian Wealth Management LLC now owns 5,075 shares of the business services provider’s stock worth $461,000 after purchasing an additional 1,005 shares during the period. Finally, Carroll Financial Associates Inc. raised its stake in shares of Copart by 615.8% during the 4th quarter. Carroll Financial Associates Inc. now owns 3,135 shares of the business services provider’s stock worth $285,000 after purchasing an additional 2,697 shares during the period. 78.73% of the stock is currently owned by hedge funds and other institutional investors.

CPRT has been the subject of several research reports. ValuEngine downgraded shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a research report on Tuesday. Guggenheim lifted their price target on shares of Copart from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, SunTrust Banks lifted their price target on shares of Copart from $92.00 to $100.00 and gave the company an “average” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $85.60.

CPRT opened at $96.27 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.30 and a quick ratio of 2.24. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 42.74 and a beta of 0.80. The firm’s fifty day moving average price is $90.66 and its two-hundred day moving average price is $82.23. Copart has a 1 year low of $48.88 and a 1 year high of $96.30.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, November 20th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.06. The firm had revenue of $554.40 million for the quarter, compared to the consensus estimate of $544.46 million. Copart had a net margin of 32.59% and a return on equity of 34.06%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. As a group, equities analysts anticipate that Copart will post 2.77 EPS for the current year.

Copart Company Profile

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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