Schwab Charles Investment Management Inc. Buys 36,406 Shares of Copart, Inc. (CPRT)

Schwab Charles Investment Management Inc. grew its stake in Copart, Inc. (NASDAQ:CPRT) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 926,296 shares of the business services provider’s stock after purchasing an additional 36,406 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.40% of Copart worth $31,837,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CPRT. Salem Investment Counselors Inc. increased its holdings in shares of Copart by 100.0% in the second quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 2,047 shares during the period. Parallel Advisors LLC increased its holdings in shares of Copart by 2.6% in the second quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 111 shares during the period. IFP Advisors Inc increased its holdings in shares of Copart by 216.3% in the third quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,755 shares during the period. Crow Point Partners LLC acquired a new position in shares of Copart in the third quarter valued at approximately $198,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Copart in the second quarter valued at approximately $200,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Copart, Inc. (CPRT) opened at $43.96 on Monday. Copart, Inc. has a twelve month low of $27.46 and a twelve month high of $44.19. The firm has a market capitalization of $10,168.12, a price-to-earnings ratio of 32.81, a P/E/G ratio of 1.46 and a beta of 1.31. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The firm had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. analysts expect that Copart, Inc. will post 1.5 EPS for the current fiscal year.

A number of research analysts have recently issued reports on CPRT shares. Wolfe Research started coverage on Copart in a report on Tuesday, November 7th. They issued a “market perform” rating on the stock. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, November 21st. CJS Securities reissued an “outperform” rating and issued a $42.00 target price on shares of Copart in a report on Thursday, October 5th. Robert W. Baird reissued a “buy” rating and issued a $44.00 target price on shares of Copart in a report on Friday, November 24th. Finally, Jefferies Group boosted their target price on Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Copart currently has an average rating of “Buy” and an average target price of $41.40.

In other Copart news, President Vincent W. Mitz sold 200,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the sale, the president now directly owns 47,660 shares in the company, valued at $1,635,691.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Meeks sold 160,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was 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 in the company, valued at $120,155. The disclosure for this sale can be found here. Insiders have sold 476,667 shares of company stock worth $17,252,147 in the last ninety days. 16.40% of the stock is currently owned by corporate insiders.

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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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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