Copart Inc. (NASDAQ:CPRT) Director James E. Meeks sold 26,075 shares of the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $54.14, for a total transaction of $1,411,700.50. Following the sale, the director now owns 26,075 shares of the company’s stock, valued at approximately $1,411,700.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Copart Inc. (NASDAQ:CPRT) opened at 53.98 on Monday. The stock has a 50 day moving average of $52.29 and a 200-day moving average of $48.24. Copart Inc. has a one year low of $32.26 and a one year high of $54.85. The stock has a market cap of $6.16 billion, a P/E ratio of 24.43 and a beta of 0.95.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, September 20th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The business earned $332.70 million during the quarter. Copart had a net margin of 21.25% and a return on equity of 31.42%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Analysts anticipate that Copart Inc. will post $2.42 EPS for the current year.
CPRT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Northcoast Research cut shares of Copart from a “buy” rating to a “neutral” rating in a research note on Thursday, August 25th. Bank of America Corp. upgraded shares of Copart from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $63.00 in a research note on Friday, September 23rd. Stephens set a $61.00 price target on shares of Copart and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Finally, Susquehanna initiated coverage on shares of Copart in a research note on Thursday, August 25th. They set a “neutral” rating and a $53.00 price target for the company. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Copart currently has an average rating of “Hold” and an average price target of $55.57.
Several hedge funds have recently modified their holdings of the company. CIBC World Markets Inc. bought a new stake in shares of Copart during the first quarter worth about $350,000. BlackRock Inc. raised its stake in shares of Copart by 40.0% in the first quarter. BlackRock Inc. now owns 51,261 shares of the company’s stock worth $2,090,000 after buying an additional 14,634 shares during the period. BlackRock Group LTD raised its stake in shares of Copart by 56.0% in the first quarter. BlackRock Group LTD now owns 85,625 shares of the company’s stock worth $3,491,000 after buying an additional 30,723 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Copart by 27.5% in the first quarter. JPMorgan Chase & Co. now owns 89,645 shares of the company’s stock worth $3,655,000 after buying an additional 19,317 shares during the period. Finally, Ancora Inverness LLC bought a new stake in shares of Copart during the first quarter worth about $207,000. Institutional investors and hedge funds own 80.14% of the company’s stock.