Bbva Compass Bancshares Inc. Boosts Stake in Copart (NASDAQ:CPRT)

Bbva Compass Bancshares Inc. grew its holdings in Copart (NASDAQ:CPRT) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,981 shares of the business services provider’s stock after acquiring an additional 1,388 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Copart were worth $763,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Hanseatic Management Services Inc. raised its stake in shares of Copart by 3.1% in the 1st quarter. Hanseatic Management Services Inc. now owns 33,749 shares of the business services provider’s stock valued at $1,719,000 after acquiring an additional 1,017 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Copart by 9.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,793 shares of the business services provider’s stock valued at $652,000 after acquiring an additional 1,109 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Copart by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock valued at $1,839,000 after acquiring an additional 1,265 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Copart by 6.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 25,164 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 1,442 shares during the period. Finally, Comerica Bank raised its stake in shares of Copart by 1.0% in the 4th quarter. Comerica Bank now owns 173,484 shares of the business services provider’s stock valued at $7,759,000 after acquiring an additional 1,782 shares during the period. 81.36% of the stock is currently owned by institutional investors and hedge funds.

In other Copart news, Director Matt Blunt sold 13,333 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $50.74, for a total transaction of $676,516.42. Following the completion of the transaction, the director now directly owns 3,333 shares of the company’s stock, valued at approximately $169,116.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.40% of the stock is owned by company insiders.

Shares of Copart opened at $56.29 on Friday, Marketbeat.com reports. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 43.64, a P/E/G ratio of 1.79 and a beta of 0.96. The company has a quick ratio of 1.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. Copart has a 1-year low of $55.19 and a 1-year high of $55.93.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The company had revenue of $459.11 million during the quarter, compared to analyst estimates of $427.11 million. Copart had a net margin of 20.95% and a return on equity of 30.94%. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. equities analysts forecast that Copart will post 1.74 earnings per share for the current fiscal year.

CPRT has been the topic of a number of research reports. BidaskClub downgraded shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Barrington Research reaffirmed a “hold” rating on shares of Copart in a research note on Tuesday, February 27th. Consumer Edge raised shares of Copart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 27th. Stephens raised shares of Copart from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Monday, February 12th. Finally, Zacks Investment Research downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Copart presently has an average rating of “Buy” and an average price target of $49.13.

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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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