The Vanguard Group, Inc. recently announced the acquisition of new stake in Copart, Inc. (NASDAQ:CPRT). The institutional investor has increased its shareholding in the Industrials company by 0.22% to 93.88 million shares with purchase of 0.21 million shares. This fresh investment now brings its stake to 9.78% valued currently at $4.71 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.33 million to 48.08 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.48% or 0.16 million shares – to 33.32 million shares.
Currently, there are 957.34M common shares owned by the public and among those 870.75M shares have been available to trade.
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Insiders at the company have transacted a total of 29 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 1,399,435 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 1,730,803 shares.
The top 3 mutual fund holders in Copart, Inc. are Vanguard Total Stock Market ETF, Principal Funds, Inc. – Mid Cap F, and Vanguard 500 Index Fund. Vanguard Total Stock Market ETF owns 26.89 million shares of the company’s stock, all valued at over $1.35 billion. The company bought an additional 0.14 million shares recently to bring their total holdings to about 2.80% of the shares outstanding. Principal Funds, Inc. – Mid Cap F sold -1.58 million shares to see its total holdings shrink to 23.85 million shares valued at over $1.2 billion and representing 2.48% of the shares outstanding. Vanguard 500 Index Fund bought 0.1 million shares to bring its total holdings to over 20.99 million shares at a value of $1.05 billion. Vanguard 500 Index Fund now owns shares totaling to 2.19% of the shares outstanding.
However, the script later moved the day high at 49.01, down -0.35%. The company’s stock has a 5-day price change of -1.64% and 10.31% over the past three months. CPRT shares are trading 59.50% year to date (YTD), with the 12-month market performance up to 60.82% higher. It has a 12-month low price of $29.61 and touched a high of $51.53 over the same period. CPRT has an average intraday trading volume of 4.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.04%, 2.55%, and 12.06% respectively.
Institutional ownership of Copart, Inc. (NASDAQ: CPRT) shares accounts for 80.36% of the company’s 957.34M shares outstanding. Mutual fund holders own 30.95%, while other institutional holders and individual stakeholders account for 49.70% and 14.74% respectively.
It has a market capitalization of $46.63B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 35.52, while the earnings-per-share (ttm) stands at $1.37. The company has a PEG of 1.59 and a Quick Ratio of 5.47 with the debt-to-equity ratio at 0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.96% over the week and 1.86% over the month.
Analysts forecast that Copart, Inc. (CPRT) will achieve an EPS of $0.35 for the current quarter, $0.39 for the next quarter and $1.63 for 2025. The lowest estimate earnings-per-share for the quarter is $0.32 while analysts give the company a high EPS estimate of $0.37. Comparatively, EPS for the current quarter was $0.3 a year ago. Earnings per share for the fiscal year are expected to increase by 16.51%, and 11.89% over the next financial year. EPS should shrink at an annualized rate of 22.30% over the next five years, compared to 24.28% over the past 5-year period.
Looking at the support for the CPRT, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on December 04, 2023, with the firm’s price target at $51.
