Copart (CPRT) : Kimelman Baird scooped up 12,224 additional shares in Copart during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 664,028 shares of Copart which is valued at $28.4 Million.Copart makes up approximately 5.26% of Kimelman Baird’s portfolio.
Other Hedge Funds, Including , Gsa Capital Partners Llp reduced its stake in CPRT by selling 33,181 shares or 61.76% in the most recent quarter. The Hedge Fund company now holds 20,541 shares of CPRT which is valued at $877,717. Copart makes up approx 0.06% of Gsa Capital Partners Llp’s portfolio.Teacher Retirement System Of Texas boosted its stake in CPRT in the latest quarter, The investment management firm added 3,511 additional shares and now holds a total of 14,063 shares of Copart which is valued at $600,912.Advantus Capital Management Inc reduced its stake in CPRT by selling 454 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 13,739 shares of CPRT which is valued at $587,067. Copart makes up approx 0.02% of Advantus Capital Management Inc’s portfolio.Swiss National Bank boosted its stake in CPRT in the latest quarter, The investment management firm added 37,700 additional shares and now holds a total of 188,200 shares of Copart which is valued at $8.1 Million. Copart makes up approx 0.01% of Swiss National Bank’s portfolio.
Copart closed down -0.13 points or -0.30% at $43.92 with 11,22,485 shares getting traded on Wednesday. Post opening the session at $44.18, the shares hit an intraday low of $43.76 and an intraday high of $44.3718 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Copart reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.54. The company had revenue of $347.20 million for the quarter, compared to analysts expectations of $320.52 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 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.