Copart, Inc. (CPRT) Shares Gap Up Following Analyst Upgrade

The undersigned, as a Section 16 reporting person of Copart, Inc.

According to Copart, Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 80.91%. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider's stock valued at $130,000 after acquiring an additional 2,047 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in Copart during the second quarter valued at $4,179,000.

Institutional investors have recently added to or reduced their stakes in the stock. The value of the investment in Copart, Inc. went from $6,839,000 to $6,785,000 decreasing 0.8% since the last quarter. Comerica Bank grew its stake in Copart by 12.7% in the 1st quarter. Comerica Bank now owns 86,533 shares of the business services provider's stock valued at $2,698,000 after acquiring an additional 9,735 shares during the last quarter. Smithfield Trust Co. lifted its position in shares of Copart by 104.8% during the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider's stock valued at $171,000 after buying an additional 2,749 shares during the period. Huntington National Bank grew its holdings in Copart by 136.5% in the 2nd quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider's stock valued at $235,810,000 after buying an additional 3,826,242 shares in the last quarter. M Holdings Securities Inc. increased its holdings in Copart by 95.5% during the 2nd quarter.

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Several hedge funds have recently modified their holdings of the stock.

TRADEMARK VIOLATION NOTICE: This story was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws. The original version of this story can be accessed at Jefferies Group LLC upped their price target on shares of Copart from $30.00 to $33.00 and gave the company a "hold" rating in a research report on Tuesday, May 30th. Finally, Zacks Investment Research lowered Copart from a "hold" rating to a "sell" rating in a research note on Wednesday, August 2nd. The firm has "Hold" rating given on Monday, January 18 by Jefferies.

Among 17 analysts covering Danaher Corporation (NYSE:DHR), 12 have Buy rating, 0 Sell and 5 Hold. Copart now has a consensus rating of "Hold" and a consensus price target of $45.60. Metropolitan Life Insur Company has 0.04% invested in Copart, Inc. The stock had previously closed at $33.03, but opened at $33.86. Copart shares last traded at $33.81, with a volume of 452,792 shares. The stock's 50 day moving average is $31.93 and its 200-day moving average is $36.82. Lateef Investment Management Lp who had been investing in Danaher Corp for a number of months, seems to be less bullish one the $60.06 billion market cap company. (NASDAQ:CPRT) news were published by: which released: "Copart Reports Fourth Quarter Fiscal 2017 Financial Results" on September 19, 2017, also published article titled: "Copart Inc". The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $378.60 million during the quarter, compared to analyst estimates of $355.42 million. Copart had a return on equity of 33.56% and a net margin of 27.23%. The firm's quarterly revenue was up 13.8% compared to the same quarter a year ago. Snyder Capital Management LP bought 1.47M shares as the company's stock declined 0.66% while stock markets rallied. As of the last earnings report the EPS was $1.73 and is projected to be $1.40 for the current year with 230,331,000 shares now outstanding.

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