Toronto Dominion Bank Sells 13,186 Shares of Copart, Inc. (NASDAQ:CPRT)

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Toronto Dominion Bank cut its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 9.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 126,478 shares of the business services provider’s stock after selling 13,186 shares during the period. Toronto Dominion Bank’s holdings in Copart were worth $9,450,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CPRT. Dimensional Fund Advisors LP increased its holdings in shares of Copart by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,408,868 shares of the business services provider’s stock valued at $67,316,000 after acquiring an additional 18,526 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Copart by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 3,133,656 shares of the business services provider’s stock valued at $149,501,000 after acquiring an additional 131,629 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Copart by 3.9% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 20,957 shares of the business services provider’s stock valued at $1,270,000 after acquiring an additional 778 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Copart by 4.8% during the first quarter. Raymond James & Associates now owns 372,024 shares of the business services provider’s stock valued at $22,541,000 after acquiring an additional 17,133 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Copart by 3.4% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,872 shares of the business services provider’s stock valued at $840,000 after acquiring an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Several equities analysts have recently weighed in on the company. Barrington Research restated a “hold” rating on shares of Copart in a report on Wednesday. BidaskClub downgraded Copart from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. SunTrust Banks raised their price target on Copart to $78.00 and gave the company a “buy” rating in a report on Friday, May 24th. Robert W. Baird set a $85.00 price objective on Copart and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. increased their price objective on Copart from $62.00 to $71.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $75.21.

Shares of Copart stock traded up $0.93 during trading on Friday, hitting $81.81. 1,722,293 shares of the company’s stock traded hands, compared to its average volume of 1,377,269. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 1.99. Copart, Inc. has a 1 year low of $44.61 and a 1 year high of $83.55. The stock has a market capitalization of $18.53 billion, a P/E ratio of 36.36, a PEG ratio of 1.55 and a beta of 0.84. The business has a 50-day simple moving average of $76.76 and a 200-day simple moving average of $69.97.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. Copart had a return on equity of 33.84% and a net margin of 28.98%. The company had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $517.84 million. During the same period last year, the firm posted $0.42 earnings per share. Copart’s revenue was up 20.8% compared to the same quarter last year. On average, equities analysts predict that Copart, Inc. will post 2.61 earnings per share for the current fiscal year.

In other Copart news, CEO A Jayson Adair sold 179,461 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $74.54, for a total value of $13,377,022.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William E. Franklin sold 41,007 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $77.37, for a total value of $3,172,711.59. Following the completion of the transaction, the insider now directly owns 58,974 shares in the company, valued at $4,562,818.38. The disclosure for this sale can be found here. Company insiders own 15.99% of the company’s stock.

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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