Copart (CPRT) Shares Sold by Chatham Capital Group Inc.

Chatham Capital Group Inc. lowered its stake in Copart (NASDAQ:CPRT) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,365 shares of the business services provider’s stock after selling 7,475 shares during the period. Copart accounts for 1.2% of Chatham Capital Group Inc.’s holdings, making the stock its 25th biggest position. Chatham Capital Group Inc.’s holdings in Copart were worth $4,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPRT. Wells Fargo & Company MN increased its stake in shares of Copart by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,787,054 shares of the business services provider’s stock worth $120,373,000 after acquiring an additional 11,360 shares during the period. BlackRock Inc. increased its stake in shares of Copart by 2.3% in the fourth quarter. BlackRock Inc. now owns 16,320,194 shares of the business services provider’s stock worth $704,869,000 after acquiring an additional 370,808 shares during the period. Deutsche Bank AG increased its stake in shares of Copart by 41.6% in the fourth quarter. Deutsche Bank AG now owns 714,101 shares of the business services provider’s stock worth $30,838,000 after acquiring an additional 209,698 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Copart by 11.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 436,520 shares of the business services provider’s stock worth $18,853,000 after acquiring an additional 44,878 shares during the period. Finally, Suntrust Banks Inc. increased its stake in shares of Copart by 28.1% in the fourth quarter. Suntrust Banks Inc. now owns 13,270 shares of the business services provider’s stock worth $572,000 after acquiring an additional 2,910 shares during the period. 81.36% of the stock is owned by institutional investors and hedge funds.

CPRT stock opened at $56.29 on Friday. The firm has a market cap of $12.85 billion, a P/E ratio of 43.64, a PEG ratio of 1.77 and a beta of 0.96. The company has a current ratio of 1.78, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. Copart has a one year low of $55.19 and a one year high of $55.93.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Monday, February 26th. The business services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The company had revenue of $459.11 million for 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 was up 31.4% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. research analysts predict that Copart will post 1.74 earnings per share for the current year.

A number of research firms have recently weighed in on CPRT. ValuEngine upgraded shares of Copart from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. BidaskClub upgraded shares of Copart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 21st. Guggenheim began coverage on shares of Copart in a research note on Tuesday, April 17th. They issued a “buy” rating and a $58.00 price objective on the stock. Zacks Investment Research lowered shares of Copart from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, Barrington Research reiterated a “hold” rating on shares of Copart in a research note on Wednesday, April 11th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Copart currently has a consensus rating of “Buy” and a consensus target price of $49.13.

In related 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 sale, the director now owns 3,333 shares in the company, valued at $169,116.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.40% of the stock is currently owned by company insiders.

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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