DekaBank Deutsche Girozentrale Grows Stake in Copart, Inc. (NASDAQ:CPRT)

DekaBank Deutsche Girozentrale raised its position in Copart, Inc. (NASDAQ:CPRT) by 54.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 346,691 shares of the business services provider’s stock after purchasing an additional 121,627 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Copart were worth $19,612,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cadence Bank boosted its position in shares of Copart by 0.6% in the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after acquiring an additional 187 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Copart by 2.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,054 shares of the business services provider’s stock worth $524,000 after buying an additional 209 shares during the last quarter. PDS Planning Inc raised its position in shares of Copart by 5.0% in the 1st quarter. PDS Planning Inc now owns 4,538 shares of the business services provider’s stock worth $263,000 after buying an additional 216 shares during the period. Rathbones Group PLC raised its position in shares of Copart by 2.9% in the 4th quarter. Rathbones Group PLC now owns 7,821 shares of the business services provider’s stock worth $383,000 after buying an additional 221 shares during the period. Finally, Panagora Asset Management Inc. grew its position in Copart by 0.9% during the fourth quarter. Panagora Asset Management Inc. now owns 25,133 shares of the business services provider’s stock valued at $1,232,000 after acquiring an additional 226 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their target price on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.00.

Copart Trading Down 1.0 %

NASDAQ:CPRT traded down $0.50 during mid-day trading on Friday, hitting $51.73. The company had a trading volume of 3,767,234 shares, compared to its average volume of 4,364,919. The business has a fifty day simple moving average of $53.40 and a 200-day simple moving average of $53.41. The firm has a market capitalization of $49.78 billion, a price-to-earnings ratio of 36.43 and a beta of 1.28. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. As a group, research analysts anticipate that Copart, Inc. will post 1.43 earnings per share for the current year.

About Copart

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.