West Coast Financial LLC boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 106.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,512 shares of the business services provider’s stock after buying an additional 73,064 shares during the period. Copart accounts for 1.4% of West Coast Financial LLC’s portfolio, making the stock its 26th largest position. West Coast Financial LLC owned about 0.06% of Copart worth $4,499,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CPRT. BlackRock Inc. increased its position in shares of Copart by 11,504.1% in the first quarter. BlackRock Inc. now owns 7,903,656 shares of the business services provider’s stock worth $489,473,000 after buying an additional 7,835,545 shares during the period. William Blair Investment Management LLC increased its position in shares of Copart by 31.7% in the first quarter. William Blair Investment Management LLC now owns 5,500,545 shares of the business services provider’s stock worth $340,649,000 after buying an additional 1,324,570 shares during the period. Clearbridge Investments LLC increased its position in shares of Copart by 57.8% in the first quarter. Clearbridge Investments LLC now owns 1,850,858 shares of the business services provider’s stock worth $114,624,000 after buying an additional 678,038 shares during the period. Norges Bank purchased a new position in shares of Copart during the fourth quarter worth approximately $37,267,000. Finally, Columbia Wanger Asset Management LLC increased its position in shares of Copart by 243.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 818,587 shares of the business services provider’s stock worth $50,695,000 after buying an additional 580,181 shares during the period. 42.25% of the stock is owned by institutional investors.
Shares of Copart, Inc. (NASDAQ:CPRT) traded down 0.32% during mid-day trading on Friday, hitting $31.07. 1,139,078 shares of the company traded hands. Copart, Inc. has a one year low of $24.71 and a one year high of $32.17. The firm has a 50-day moving average of $31.35 and a 200-day moving average of $41.95. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 17.93 and a beta of 1.22.
Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Copart had a net margin of 29.10% and a return on equity of 33.20%. The business had revenue of $373.90 million during the quarter, compared to the consensus estimate of $386.61 million. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that Copart, Inc. will post $1.25 earnings per share for the current year.
Several analysts recently commented on CPRT shares. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $30.00 target price on shares of Copart in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.80.
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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