Weybosset Research Management Lowers stake in Copart (CPRT)

Copart (CPRT) : Weybosset Research Management reduced its stake in Copart by 4.18% during the most recent quarter end. The investment management company now holds a total of 183,115 shares of Copart which is valued at $7,743,933 after selling 7,990 shares in Copart , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Copart makes up approximately 6.35% of Weybosset Research Management’s portfolio.

Copart opened for trading at $42.19 and hit $42.4 on the upside on Friday, eventually ending the session at $42.29, with a gain of 0.31% or 0.13 points. The heightened volatility saw the trading volume jump to 3,59,657 shares. Company has a market cap of $4,737 M.

Other Hedge Funds, Including , Bennicas Associates reduced its stake in CPRT by selling 2,200 shares or 8.01% in the most recent quarter. The Hedge Fund company now holds 25,275 shares of CPRT which is valued at $1,068,880. Copart makes up approx 0.99% of Bennicas Associates’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in CPRT by selling 1,019 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 33,182 shares of CPRT which is valued at $1,399,285. Copart makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Independent Portfolio Consultants boosted its stake in CPRT in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 5,585 shares of Copart which is valued at $235,519. Copart makes up approx 0.07% of Independent Portfolio Consultants’s portfolio.Rowland Co Investment Counseladv boosted its stake in CPRT in the latest quarter, The investment management firm added 3,090 additional shares and now holds a total of 33,978 shares of Copart which is valued at $1,432,852. Copart makes up approx 0.67% of Rowland Co Investment Counseladv’s portfolio.Eqis Capital Management boosted its stake in CPRT in the latest quarter, The investment management firm added 2,633 additional shares and now holds a total of 11,638 shares of Copart which is valued at $476,227. Copart makes up approx 0.03% of Eqis Capital Management’s portfolio.

On the company’s financial health, Copart reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 23, 2015. Analyst had a consensus of $0.43. The company had revenue of $288.80 million for the quarter, compared to analysts expectations of $290.05 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Copart. Gabelli & Co Initiated Copart on Apr 5, 2016 to “Hold”, Price Target of the shares are set at $46.Copart was Downgraded by BofA/Merrill to ” Neutral” on Mar 21, 2016. Copart was Upgraded by CL King to ” Neutral” on Feb 25, 2016.

Copart Inc. is a provider of online auctions and vehicle remarketing services in the United States Canada the United Kingdom the United Arab Emirates Oman Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). It sells vehicles primarily to insurance companies and also to banks and financial institutions charities car dealerships fleet operators and vehicle rental companies. It sells the vehicles to licensed vehicle dismantlers rebuilders repair licensees used vehicle dealers and exporters and at certain locations to the general public. The Company that sells vehicles on behalf of insurance companies are either damaged vehicles deemed a total loss or not economically repairable by the insurance companies or are recovered stolen vehicles.

Leave a Reply

Copart - Is it time to Sell?

Top Brokerage Firms are advising their investors on Copart. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.