Copart, Inc. (CPRT) Shares Bought by Chatham Capital Group Inc.

Chatham Capital Group Inc. increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.8% during the 1st quarter, Holdings Channel reports. The firm owned 60,068 shares of the business services provider’s stock after purchasing an additional 474 shares during the period. Chatham Capital Group Inc.’s holdings in Copart were worth $3,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPRT. Norges Bank bought a new position in Copart during the fourth quarter worth $161,051,000. Oregon Public Employees Retirement Fund lifted its stake in Copart by 2,981.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,084,103 shares of the business services provider’s stock worth $65,000 after purchasing an additional 2,984,019 shares during the last quarter. Vanguard Group Inc lifted its stake in Copart by 3.8% during the third quarter. Vanguard Group Inc now owns 21,828,682 shares of the business services provider’s stock worth $1,124,833,000 after purchasing an additional 795,115 shares during the last quarter. Morgan Stanley lifted its stake in Copart by 16.8% during the third quarter. Morgan Stanley now owns 5,012,496 shares of the business services provider’s stock worth $258,293,000 after purchasing an additional 719,694 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Copart by 142.5% during the third quarter. Legal & General Group Plc now owns 932,724 shares of the business services provider’s stock worth $48,064,000 after purchasing an additional 548,023 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Several equities research analysts have weighed in on CPRT shares. ValuEngine raised Copart from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. BidaskClub raised Copart from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 7th. SunTrust Banks increased their target price on Copart to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Barrington Research reaffirmed a “hold” rating on shares of Copart in a research report on Tuesday, February 19th. Finally, Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Copart has a consensus rating of “Hold” and an average price target of $63.77.

Shares of NASDAQ CPRT opened at $64.79 on Thursday. Copart, Inc. has a 1-year low of $44.61 and a 1-year high of $67.54. The company has a current ratio of 1.69, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 1.54 and a beta of 0.98.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, May 22nd. The business services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The company had revenue of $553.12 million for the quarter, compared to analyst estimates of $535.62 million. Copart had a return on equity of 30.20% and a net margin of 25.75%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. Sell-side analysts anticipate that Copart, Inc. will post 2.15 EPS for the current fiscal year.

In other news, EVP William E. Franklin sold 140,000 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $58.44, for a total transaction of $8,181,600.00. Following the transaction, the executive vice president now directly owns 157,967 shares of the company’s stock, valued at $9,231,591.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.99% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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