92,408 Shares in Copart, Inc. $CPRT Acquired by 111 Capital

111 Capital acquired a new position in Copart, Inc. (NASDAQ:CPRT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 92,408 shares of the business services provider’s stock, valued at approximately $4,534,000. Copart makes up about 0.8% of 111 Capital’s holdings, making the stock its 20th largest holding.

A number of other large investors have also made changes to their positions in CPRT. Brighton Jones LLC increased its position in shares of Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after purchasing an additional 6,817 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Copart by 2.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 29,353 shares of the business services provider’s stock worth $1,661,000 after purchasing an additional 710 shares during the period. Chesley Taft & Associates LLC lifted its holdings in Copart by 34.7% in the first quarter. Chesley Taft & Associates LLC now owns 28,499 shares of the business services provider’s stock valued at $1,613,000 after acquiring an additional 7,344 shares during the period. West Coast Financial LLC lifted its holdings in Copart by 9.5% in the first quarter. West Coast Financial LLC now owns 6,792 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 592 shares during the period. Finally, Signal Advisors Wealth LLC lifted its holdings in Copart by 36.8% in the first quarter. Signal Advisors Wealth LLC now owns 73,936 shares of the business services provider’s stock valued at $4,184,000 after acquiring an additional 19,881 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Copart

In other news, CEO Jeffrey Liaw sold 24,088 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the transaction, the chief executive officer directly owned 31,527 shares in the company, valued at $1,463,798.61. The trade was a 43.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale can be found here. Insiders own 9.68% of the company’s stock.

Copart Price Performance

Shares of CPRT opened at $45.11 on Friday. The stock has a market cap of $43.65 billion, a PE ratio of 28.19 and a beta of 1.03. Copart, Inc. has a 1-year low of $44.23 and a 1-year high of $64.38. The firm has a fifty day moving average price of $46.97 and a 200 day moving average price of $51.64.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Copart had a net margin of 33.41% and a return on equity of 18.17%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.33 earnings per share. Copart’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

CPRT has been the topic of several recent analyst reports. HSBC set a $62.00 target price on shares of Copart and gave the stock a “buy” rating in a research note on Thursday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a report on Saturday, September 27th. Stephens cut their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Robert W. Baird dropped their target price on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, July 17th. Finally, Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.50.

Copart Profile

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.