Copart (CPRT) : Parametrica Management Ltd added new position in Copart during the most recent quarter end. The investment management firm now holds 5,754 shares of Copart which is valued at $310,026 , the company said in a statement filed on Oct 13, 2016 with the SEC.Copart makes up approximately 0.88% of Parametrica Management Ltd’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in CPRT in the latest quarter, The investment management firm added 277 additional shares and now holds a total of 721 shares of Copart which is valued at $38,847.Capstone Asset Management Co reduced its stake in CPRT by selling 340 shares or 3.56% in the most recent quarter. The Hedge Fund company now holds 9,201 shares of CPRT which is valued at $493,634. Copart makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Beacon Capital Management added CPRT to its portfolio by purchasing 176 company shares during the most recent quarter which is valued at $9,539. Simplex Trading sold out all of its stake in CPRT during the most recent quarter. The investment firm sold 359 shares of CPRT which is valued $19,196.
Copart closed down -0.55 points or -1.01% at $53.65 with 8,22,946 shares getting traded on Tuesday. Post opening the session at $54.2, the shares hit an intraday low of $53.44 and an intraday high of $54.21 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Copart reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Sep 20, 2016. Analyst had a consensus of $0.55. The company had revenue of $332.70 million for the quarter, compared to analysts expectations of $317.98 million. The company’s revenue was up 17.9% 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. Company shares were Upgraded by BofA/Merrill on Sep 23, 2016 to ” Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $52 .Copart was Downgraded by Barrington Research to ” Mkt Perform” on Sep 23, 2016. Susquehanna Initiated Copart on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $53.
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.