Thrivent Financial for Lutherans Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Thrivent Financial for Lutherans increased its stake in shares of Copart, Inc. (NASDAQ:CPRT – Get Rating) by 101.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,140 shares of the business services provider’s stock after buying an additional 9,622 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Copart were worth $1,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Heritage Wealth Management LLC boosted its holdings in Copart by 4.4% in the 3rd quarter. Heritage Wealth Management LLC now owns 3,855 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 164 shares in the last quarter. Regal Investment Advisors LLC boosted its holdings in Copart by 5.7% in the 3rd quarter. Regal Investment Advisors LLC now owns 3,167 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 170 shares in the last quarter. Inspire Investing LLC boosted its holdings in Copart by 2.4% in the 3rd quarter. Inspire Investing LLC now owns 7,444 shares of the business services provider’s stock valued at $792,000 after purchasing an additional 176 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Copart by 0.3% in the 3rd quarter. Retirement Systems of Alabama now owns 71,048 shares of the business services provider’s stock valued at $7,560,000 after purchasing an additional 189 shares in the last quarter. Finally, Utah Retirement Systems boosted its holdings in Copart by 0.5% in the 3rd quarter. Utah Retirement Systems now owns 38,144 shares of the business services provider’s stock valued at $4,058,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

CPRT has been the topic of a number of analyst reports. StockNews.com initiated coverage on Copart in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Stephens reiterated an “overweight” rating and set a $78.00 price target on shares of Copart in a research report on Tuesday, February 21st. Robert W. Baird lifted their price target on shares of Copart from $78.00 to $90.00 in a research report on Thursday, May 18th. Guggenheim lifted their price target on shares of Copart from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd. Finally, Northcoast Research downgraded shares of Copart from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Copart currently has an average rating of “Moderate Buy” and a consensus target price of $83.33.

Copart Price Performance

Shares of Copart stock opened at $89.16 on Tuesday. Copart, Inc. has a 1 year low of $51.10 and a 1 year high of $89.79. The company has a market capitalization of $42.49 billion, a P/E ratio of 37.31 and a beta of 1.23. The business has a 50 day moving average price of $76.81 and a 200 day moving average price of $69.04.

Copart (NASDAQ:CPRT – Get Rating) last issued its quarterly earnings data on Wednesday, May 17th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.08. Copart had a return on equity of 22.80% and a net margin of 30.72%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $0.58 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that Copart, Inc. will post 2.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Copart news, Director Matt Blunt sold 30,000 shares of Copart stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $69.36, for a total value of $2,080,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.19% of the company’s stock.

Copart Profile

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Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.