Copart INC (CPRT) Shareholder Wasatch Advisors INC Has Lifted Its Stake

Short shares grew from 7,324,182 to 7,590,442 over that period. Its stake was worth $238,949,000 an increase of 6.4% as of the end of the quarter. The Firm also provides vehicle remarketing services in Germany. Salem Investment Counselors Inc. boosted its position in Copart by 100.0% during the 2nd quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider's stock worth $514,387,000 after acquiring an additional 8,230,677 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Copart by 106.5% during the 2nd quarter. It also reduced Bridgepoint Ed Inc (NYSE:BPI) stake by 728,754 shares and now owns 1.11M shares.

Quantum Capital Management Llc increased Copart Inc (CPRT) stake by 105.22% reported in 2017Q2 SEC filing. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider's stock valued at $334,636,000 after buying an additional 5,025,918 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Copart during the 2nd quarter worth approximately $485,000. Jefferies maintained the stock with "Hold" rating in Monday, September 11 report. Legal General Group Inc Public Ltd Com invested in 0% or 189,957 shares.

In other Copart news, President Vincent W. Mitz sold 200,000 shares of the firm's stock in a transaction dated Thursday, September 28th. The total value of its holdings increased 2,893.3%. Following the sale, the president now owns 47,660 shares in the company, valued at $1,635,691.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 160,000 shares of the firm's stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $34.32, for a total value of $6,864,000.00. Following the completion of the sale, the director now owns 3,500 shares in the company, valued at approximately $120,155. The disclosure for this sale can be found here. Institutional investors and hedge funds own 78.71% of the company's stock.

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A number of analysts have commented on the company. Zacks Investment Research lowered shares of Copart from a "hold" rating to a "sell" rating in a report on Wednesday, August 2nd. Robert W. Baird lifted their price objective on Copart from $33.00 to $37.00 and gave the stock an "outperform" rating in a report on Thursday, September 21st. Wolfe Research began coverage on shares of Copart in a research note on Tuesday, November 7th. The rating was initiated by Susquehanna with "Neutral" on Friday, August 26. Northland Capital maintained it with "Outperform" rating and $37.50 target in Thursday, October 8 report. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Copart now has an average rating of "Hold" and an average target price of $37.33. Addenda Capital Inc owns 104,369 shares.

The company is so far trading up by 0.19% since yesterday's close of 35.85. 586,900 shares of the company's stock were exchanged, compared to its average volume of 1,072,445. Copart's revenue for the quarter was up 13.8% on a year-over-year basis. equities research analysts anticipate that Copart will post 1.41 EPS for the current year. The company has a quick ratio of 1.91, a current ratio of 1.94 and a debt-to-equity ratio of 0.50. The firm has a market cap of $8,286.83, a P/E ratio of 27.68, a P/E/G ratio of 1.33 and a beta of 1.24. The correct version of this story can be accessed at https://weekherald.com/2017/11/14/highpoint-advisor-group-llc-increases-position-in-copart-inc-cprt.html. After $0.90 actual earnings per share reported by Visa Inc for the previous quarter, Wall Street now forecasts 7.78% EPS growth. Copart had a return on equity of 31.83% and a net margin of 27.23%. The company had revenue of $378.60 million during the quarter, compared to analyst estimates of $355.42 million.

State Treasurer State Of Michigan decreased Facebook Inc (NASDAQ:FB) stake by 151,800 shares to 1.51M valued at $227.58 million in 2017Q2.