Copart, Inc. (NASDAQ:CPRT) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 923 call options on the company. This is an increase of approximately 999% compared to the typical daily volume of 84 call options.

Shares of Copart (NASDAQ:CPRT) opened at $42.46 on Monday. Copart has a one year low of $26.96 and a one year high of $42.50. The company has a current ratio of 2.26, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The stock has a market cap of $9,810.00, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.

Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The company had revenue of $419.17 million for the quarter, compared to analysts’ expectations of $377.37 million. During the same quarter in the previous year, the company posted $0.29 EPS. sell-side analysts forecast that Copart will post 1.41 earnings per share for the current year.

In related news, Director James E. Meeks sold 160,000 shares of Copart stock in a transaction on Friday, September 29th. The shares were sold at an average price of $34.33, for a total value of $5,492,800.00. Following the sale, the director now owns 3,500 shares of the company’s stock, valued at approximately $120,155. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Vincent W. Mitz sold 200,000 shares of Copart stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the completion of the sale, 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. 16.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CPRT. Vanguard Group Inc. boosted its position in shares of Copart by 103.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider’s stock valued at $514,387,000 after acquiring an additional 8,230,677 shares during the last quarter. BlackRock Inc. boosted its position in shares of Copart by 103.6% during the 2nd quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock valued at $511,611,000 after acquiring an additional 8,189,852 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Copart by 91.4% during the 2nd quarter. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider’s stock valued at $334,636,000 after acquiring an additional 5,025,918 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Copart by 106.5% during the 2nd quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider’s stock valued at $235,810,000 after acquiring an additional 3,826,242 shares during the last quarter. Finally, Wasatch Advisors Inc. boosted its position in shares of Copart by 109.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 7,061,828 shares of the business services provider’s stock valued at $224,496,000 after acquiring an additional 3,697,382 shares during the last quarter. 81.03% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on CPRT. Gabelli reissued a “hold” rating on shares of Copart in a research note on Friday. Robert W. Baird reissued a “buy” rating and issued a $44.00 price target on shares of Copart in a research note on Friday. J P Morgan Chase & Co lifted their target price on shares of Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Group LLC lifted their target price on shares of Copart to $40.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, November 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $41.40.

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Copart Company 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.

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