$0.31 EPS Expected for Copart, Inc. (CPRT)

August 26, 2017 – By Vivian Park

Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.06, from 0.82 in 2016Q3. It is positive, as 41 investors sold Copart, Inc. shares while 111 reduced holdings. 41 funds opened positions while 93 raised stakes. 83.97 million shares or 2.73% less from 86.32 million shares in 2016Q3 were reported.
California State Teachers Retirement Systems invested in 203,156 shares or 0.02% of the stock. New York State Common Retirement Fund holds 0.04% or 475,065 shares. Sheets Smith Wealth invested 1.21% of its portfolio in Copart, Inc. (NASDAQ:CPRT). D E Shaw And Co has invested 0% in Copart, Inc. (NASDAQ:CPRT). Evanson Asset Management Llc reported 0.16% stake. Hightower Advisors Limited Liability has invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Goldman Sachs reported 668,123 shares or 0.01% of all its holdings. 25,000 are held by Teachers Retirement Systems Of The State Of Kentucky. Advsr Asset Mngmt invested 0.01% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Wells Fargo And Mn owns 908,992 shares. Metropolitan Life New York has invested 0.04% in Copart, Inc. (NASDAQ:CPRT). Us Bancshares De accumulated 0.31% or 1.56 million shares. Sg Americas Securities Lc stated it has 5,452 shares. Fmr Lc holds 1.06 million shares or 0.01% of its portfolio. The Massachusetts-based Acadian Asset Mngmt Lc has invested 0% in Copart, Inc. (NASDAQ:CPRT).

Since March 8, 2017, it had 0 insider purchases, and 4 sales for $22.68 million activity. The insider MEEKS JAMES E sold 16,500 shares worth $998,600. 100,000 shares valued at $6.05 million were sold by FRANKLIN WILLIAM E on Wednesday, March 8. The insider ADAIR A JAYSON sold $12.41M.

Analysts await Copart, Inc. (NASDAQ:CPRT) to report earnings on September, 19. They expect $0.31 earnings per share, up 6.90 % or $0.02 from last year’s $0.29 per share. CPRT’s profit will be $71.27M for 25.57 P/E if the $0.31 EPS becomes a reality. After $0.37 actual earnings per share reported by Copart, Inc. for the previous quarter, Wall Street now forecasts -16.22 % negative EPS growth. The stock decreased 0.22% or $0.07 on August 25, reaching $31.71. About 1.40M shares traded or 43.44% up from the average. Copart, Inc. (NASDAQ:CPRT) has risen 37.41% since August 26, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Among 8 analysts covering Copart (NASDAQ:CPRT), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Copart had 15 analyst reports since January 15, 2016 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Thursday, July 6 report. The firm earned “Hold” rating on Tuesday, April 5 by Gabelli. The company was maintained on Wednesday, August 9 by Jefferies. The firm has “Hold” rating by Jefferies given on Thursday, September 22. The company was downgraded on Friday, September 23 by Barrington Research. The firm has “Hold” rating by Jefferies given on Monday, January 18. The firm has “Neutral” rating given on Monday, March 21 by Bank of America. Jefferies maintained Copart, Inc. (NASDAQ:CPRT) on Friday, May 26 with “Hold” rating. The rating was downgraded by Northcoast to “Neutral” on Thursday, August 25. The stock of Copart, Inc. (NASDAQ:CPRT) earned “Hold” rating by Jefferies on Friday, January 15.

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, Brazil, Ireland, Spain and India. The company has market cap of $7.29 billion. The Firm also provides vehicle remarketing services in Germany. It has a 18.45 P/E ratio. The Firm operates through two divisions: United States and International.

More recent Copart, Inc. (NASDAQ:CPRT) news were published by: Prnewswire.com which released: “Copart Expands Its Locations Near Little Rock and Fayetteville, Arkansas” on August 22, 2017. Also Prnewswire.com published the news titled: “Copart Opens New Location in Andrews, Texas” on August 14, 2017. Nasdaq.com‘s news article titled: “Copart (CPRT) Expands Conway-Prairie Grove Sites at Arkansas” with publication date: August 25, 2017 was also an interesting one.