Earnings Outlook Revision Scan: Copart, Inc. (CPRT)

Henrietta Strickland
December 18, 2017

Smith Thomas W bought 51,688 shares as the company's stock declined 0.66% while stock markets rallied. The stock decreased 1.64% or $0.05 during the last trading session, reaching $3.

On average, analysts expect that Copart will report full-year sales of $437.04 million for the current financial year, with estimates ranging from $1.65 billion to $1.71 billion. Copart, Inc. (NASDAQ:CPRT) has risen 37.41% since December 16, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Contour Asset Management Llc decreased its stake in Symantec Corp (Call) (SYMC) by 79.54% based on its latest 2017Q2 regulatory filing with the SEC. Acadian Asset Management LLC bought a new position in shares of Copart in the 2nd quarter valued at $618,000. The hedge fund held 573,000 shares of the prepackaged software company at the end of 2017Q2, valued at $16.19M, down from 2.80 million at the end of the previous reported quarter. (NASDAQ:CPRT) traded up $0.31 on Friday, hitting $44.11. About 1.46 million shares traded or 44.89% up from the average. Adamas Pharmaceuticals, Inc. (NASDAQ:ADMS) has declined 0.40% since December 17, 2016 and is downtrending. It has outperformed by 4.78% the S&P500.

Analysts await B2Gold Corp. During the same period in the previous year, the firm earned $0.29 earnings per share. analysts anticipate that Copart will post 1.5 EPS for the current fiscal year.

Investors sentiment decreased to 1.13 in Q2 2017. Its up 0.30, from 0.93 in 2017Q1. It is positive, as 54 investors sold SYMC shares while 167 reduced holdings. Typically, a stock scoring an 8 or 9 would be seen as strong. Legal And General Gp Public Lc stated it has 0.08% in Symantec Corporation (NASDAQ:SYMC). State Farm Mutual Automobile Company invested in 0.01% or 35,571 shares. (NASDAQ:FB). Rnc Cap Mgmt Limited Liability Corporation owns 0.08% invested in Facebook, Inc. (NASDAQ:CPRT). Laurion Capital Mgmt Limited Partnership holds 0.02% or 129,606 shares in its portfolio. 38,991 are owned by Kentucky Retirement. Robertson Opportunity Capital Llc owns 399,752 shares or 8.08% of their United States portfolio. Moreover, Kimelman & Baird Limited Liability Corp has 2.51% invested in Copart, Inc. Geode Limited Liability accumulated 544,208 shares.

Foundation Asset Management Lp holds 12.51% of its portfolio in Copart, Inc. for 1.18 million shares. (NASDAQ:CPRT). Claar Limited Company holds 33,282 shares or 0.3% of its portfolio. Following the completion of the sale, the president now owns 47,660 shares in the company, valued at $1,635,691.20. (NASDAQ:BPTH). Paloma Partners Mngmt stated it has 0% of its portfolio in Bio-Path Holdings, Inc. Thrivent Fincl For Lutherans has 0.3% invested in Altria Group, Inc. Brown Brothers Harriman And Com holds 0% or 490 shares in its portfolio. Washington Trust has invested 0.04% of its portfolio in Copart, Inc.

Since September 28, 2017, it had 0 buys, and 2 insider sales for $12.36 million activity. Parallel Advisors LLC increased its position in shares of Copart by 2.6% during the second quarter.

In other Copart news, Director James E. Meeks sold 160,000 shares of the stock in a transaction on Friday, September 29th. The stock of Grifols, S.A. (NASDAQ:GRFS) has "Buy" rating given on Thursday, March 17 by Nomura. The insider DEVITRE DINYAR S sold 32,000 shares worth $1.96 million.

Among 15 analysts covering Celanese (NYSE:CE), 11 have Buy rating, 1 Sell and 3 Hold. The rating was upgraded by Bank of America to "Buy" on Friday, September 23. HSBC downgraded the shares of GRFS in report on Wednesday, December 2 to "Hold" rating. As per Monday, September 11, the company rating was maintained by Jefferies. As per Thursday, June 1, the company rating was maintained by Oppenheimer. The rating was maintained by Wells Fargo with "Market Perform" on Friday, April 7. Barclays Capital maintained the stock with "Overweight" rating in Monday, January 25 report. The firm earned "Neutral" rating on Friday, August 26 by Susquehanna. The count of Hold ratings in that period was 0. The firm has "Neutral" rating given on Thursday, August 25 by Northcoast. Copart presently has an average rating of "Buy" and an average price target of $41.40. (NASDAQ:CPRT) on Friday, May 27 with "Hold" rating. It also increased its holding in Marvell Technology Group Ltd (NASDAQ:MRVL) by 944,622 shares in the quarter, for a total of 9.19M shares, and has risen its stake in Workday Inc (NYSE:WDAY).

Brookstone Capital Management increased Credit Suisse Nassau Brh (NASDAQ:ZIV) stake by 21,671 shares to 31,538 valued at $2.22 million in 2017Q2. Therefore 20% are positive. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.06. As per Friday, May 27, the company rating was maintained by JP Morgan. The rating was maintained by Piper Jaffray with "Buy" on Tuesday, August 8. The firm earned "Buy" rating on Tuesday, February 9 by Berenberg.

Taking a look at some key metrics and ratios for Copart, Inc. Finally, Jefferies Group boosted their target price on Copart to $40.00 and gave the stock a "hold" rating in a research report on Thursday, November 23rd. (NASDAQ:CPRT) was sold by MITZ VINCENT W. The company was initiated on Monday, January 18 by Jefferies. Jefferies maintained the stock with "Hold" rating in Thursday, September 22 report.

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