Trading Report: Today: Ancora Inverness LLC Reached $410,000 position of Copart Inc. (CPRT)

Today: Ancora Inverness LLC Reached $410,000 position  of Copart Inc. (CPRT)

Ancora Inverness LLC boosted its position in Copart Inc. (NASDAQ:CPRT) by 15.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,650 shares of the company’s stock after buying an additional 1,000 shares during the period. Ancora Inverness LLC’s holdings in Copart were worth $410,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CPRT. Eqis Capital Management Inc. boosted its position in Copart by 0.7% in the third quarter. Eqis Capital Management Inc. now owns 11,322 shares of the company’s stock worth $606,000 after buying an additional 78 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Copart by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 14,154 shares of the company’s stock valued at $694,000 after buying an additional 91 shares during the last quarter. Montag & Caldwell LLC boosted its position in shares of Copart by 0.6% in the second quarter. Montag & Caldwell LLC now owns 17,540 shares of the company’s stock valued at $860,000 after buying an additional 100 shares during the last quarter. Sei Investments Co. boosted its position in shares of Copart by 1.6% in the third quarter. Sei Investments Co. now owns 11,299 shares of the company’s stock valued at $605,000 after buying an additional 173 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Copart by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 9,967 shares of the company’s stock valued at $488,000 after buying an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 79.89% of the company’s stock.

Shares of Copart Inc. (NASDAQ:CPRT) traded down 1.04% on Monday, hitting $54.06. 150,297 shares of the stock traded hands. Copart Inc. has a 52 week low of $32.26 and a 52 week high of $56.98. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 16.84 and a beta of 0.95. The stock has a 50 day moving average price of $53.67 and a 200-day moving average price of $50.70.

Copart (NASDAQ:CPRT) last released its earnings results on Monday, November 21st. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The firm had revenue of $345.99 million for the quarter, compared to analysts’ expectations of $326.11 million. Copart had a net margin of 29.00% and a return on equity of 35.43%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. On average, equities research analysts forecast that Copart Inc. will post $2.46 EPS for the current year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Copart from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Stephens downgraded shares of Copart from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 23rd. Bank of America Corp. upgraded shares of Copart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $52.00 to $63.00 in a research report on Friday, September 23rd. Jefferies Group restated a “hold” rating on shares of Copart in a research report on Thursday, August 4th. Finally, Susquehanna assumed coverage on shares of Copart in a research report on Thursday, August 25th. They set a “neutral” rating and a $53.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $55.57.

In other Copart news, Director James E. Meeks sold 64,222 shares of the stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $54.09, for a total value of $3,473,767.98. Following the sale, the director now directly owns 13,925 shares in the company, valued at approximately $753,203.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO A Jayson Adair sold 200,000 shares of the stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $53.61, for a total transaction of $10,722,000.00. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

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.

Related posts

Leave a Comment