Prime Capital Investment Advisors LLC Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Prime Capital Investment Advisors LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 325 shares of the business services provider’s stock, valued at approximately $26,000.

A number of other institutional investors have also recently made changes to their positions in CPRT. Rockland Trust Co. lifted its stake in Copart by 30.8% in the 2nd quarter. Rockland Trust Co. now owns 9,518 shares of the business services provider’s stock valued at $711,000 after purchasing an additional 2,243 shares during the last quarter. DNB Asset Management AS increased its stake in Copart by 15.3% in the 2nd quarter. DNB Asset Management AS now owns 33,623 shares of the business services provider’s stock valued at $2,513,000 after buying an additional 4,451 shares during the last quarter. WINTON GROUP Ltd increased its stake in Copart by 1,572.8% in the 2nd quarter. WINTON GROUP Ltd now owns 288,327 shares of the business services provider’s stock valued at $21,550,000 after buying an additional 271,091 shares during the last quarter. Calton & Associates Inc. purchased a new stake in Copart in the 2nd quarter valued at about $211,000. Finally, Retirement Systems of Alabama increased its stake in Copart by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 94,024 shares of the business services provider’s stock valued at $7,027,000 after buying an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 80.83% of the company’s stock.

Several equities research analysts have commented on the stock. ValuEngine lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered shares of Copart from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. Barrington Research restated a “hold” rating on shares of Copart in a research note on Wednesday, September 11th. JPMorgan Chase & Co. raised their price target on shares of Copart from $62.00 to $71.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Finally, Robert W. Baird set a $85.00 price target on shares of Copart and gave the stock a “buy” rating in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.40.

Shares of CPRT stock traded up $0.91 on Thursday, hitting $84.51. 5,797 shares of the stock traded hands, compared to its average volume of 1,404,095. The firm’s 50-day moving average price is $81.78 and its two-hundred day moving average price is $76.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 2.44. The stock has a market capitalization of $19.28 billion, a PE ratio of 37.47, a PEG ratio of 1.55 and a beta of 0.81. Copart, Inc. has a twelve month low of $44.61 and a twelve month high of $85.31.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Copart had a net margin of 28.98% and a return on equity of 32.83%. The firm had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $517.84 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue was up 20.8% compared to the same quarter last year. On average, equities research analysts anticipate that Copart, Inc. will post 2.67 EPS for the current fiscal year.

About Copart

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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