Copart Inc. (NASDAQ:CPRT) Director James E. Meeks sold 26,075 shares of the business’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $54.14, for a total value of $1,411,700.50. Following the completion of the sale, the director now directly owns 26,075 shares in the company, valued at approximately $1,411,700.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Copart Inc. (NASDAQ:CPRT) traded up 0.19% during midday trading on Friday, hitting $53.98. The stock had a trading volume of 576,704 shares. Copart Inc. has a 52 week low of $32.26 and a 52 week high of $54.85. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 24.43 and a beta of 0.95. The stock has a 50 day moving average price of $52.24 and a 200-day moving average price of $48.15.
Copart (NASDAQ:CPRT) last released its quarterly earnings results on Tuesday, September 20th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The business had revenue of $332.70 million for the quarter. Copart had a return on equity of 31.42% and a net margin of 21.25%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Copart Inc. will post $2.42 earnings per share for the current year.
CPRT has been the topic of a number of research reports. Zacks Investment Research downgraded Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Northcoast Research downgraded Copart from a “buy” rating to a “neutral” rating in a research note on Thursday, August 25th. Bank of America Corp. raised Copart from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $63.00 in a research note on Friday, September 23rd. Stephens set a $61.00 price objective on Copart and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Finally, Susquehanna initiated coverage on Copart in a research note on Thursday, August 25th. They issued a “neutral” rating and a $53.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $55.57.
A number of large investors have recently added to or reduced their stakes in CPRT. Advisor Group Inc. acquired a new stake in Copart during the second quarter worth approximately $143,000. Cutler Group LP raised its stake in Copart by 64.6% in the third quarter. Cutler Group LP now owns 3,291 shares of the company’s stock worth $176,000 after buying an additional 1,291 shares during the period. Mackenzie Financial Corp acquired a new stake in Copart during the second quarter worth approximately $201,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Copart during the second quarter worth approximately $201,000. Finally, Highbridge Capital Management LLC acquired a new stake in Copart during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 80.14% of the company’s stock.
Copart Company Profile
Copart, Inc is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3).
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