Gotham Asset Management LLC Trims Position in Copart, Inc. (NASDAQ:CPRT)

Gotham Asset Management LLC trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 86.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,364 shares of the business services provider’s stock after selling 150,652 shares during the period. Gotham Asset Management LLC’s holdings in Copart were worth $1,116,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CPRT. Suntrust Banks Inc. increased its stake in Copart by 2.3% during the 4th quarter. Suntrust Banks Inc. now owns 17,696 shares of the business services provider’s stock valued at $845,000 after purchasing an additional 394 shares in the last quarter. Prescott Investors Profit Sharing Trust bought a new stake in Copart during the 4th quarter valued at about $827,000. Principal Financial Group Inc. increased its stake in Copart by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,334,264 shares of the business services provider’s stock valued at $350,432,000 after purchasing an additional 169,533 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Copart by 15.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,098 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 414 shares in the last quarter. Finally, RMB Capital Management LLC grew its stake in shares of Copart by 4.7% in the fourth quarter. RMB Capital Management LLC now owns 92,929 shares of the business services provider’s stock worth $4,440,000 after acquiring an additional 4,198 shares during the period. 85.26% of the stock is owned by hedge funds and other institutional investors.

Shares of CPRT traded up $0.26 on Friday, reaching $65.06. The company’s stock had a trading volume of 1,301,934 shares, compared to its average volume of 1,281,801. The company has a current ratio of 1.69, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 1.52 and a beta of 0.95. Copart, Inc. has a 12-month low of $44.61 and a 12-month high of $67.08.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, February 20th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $484.90 million for the quarter, compared to the consensus estimate of $488.54 million. Copart had a net margin of 25.75% and a return on equity of 30.20%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. As a group, analysts predict that Copart, Inc. will post 2.15 EPS for the current fiscal year.

In related news, EVP William E. Franklin sold 140,000 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $58.44, for a total value of $8,181,600.00. Following the transaction, the executive vice president now owns 157,967 shares of the company’s stock, valued at $9,231,591.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 15.99% of the company’s stock.

A number of analysts have recently commented on CPRT shares. Barrington Research reiterated a “hold” rating on shares of Copart in a research note on Tuesday, February 19th. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Monday, February 4th. BidaskClub upgraded shares of Copart from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 7th. ValuEngine lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Sunday, March 3rd. Finally, SunTrust Banks raised their price objective on shares of Copart to $67.00 and gave the stock a “buy” rating in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.67.

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Copart 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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