Conscious Wealth Investments LLC Increases Stake in Copart, Inc. $CPRT

Conscious Wealth Investments LLC boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 76,451 shares of the business services provider’s stock after buying an additional 1,267 shares during the period. Copart makes up about 2.3% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 22nd largest position. Conscious Wealth Investments LLC’s holdings in Copart were worth $3,551,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake 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 valued at $816,000 after purchasing an additional 6,817 shares during the period. GAMMA Investing LLC raised its stake in shares of Copart by 21.5% during the first quarter. GAMMA Investing LLC now owns 20,352 shares of the business services provider’s stock valued at $1,152,000 after purchasing an additional 3,598 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Copart by 1.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,558 shares of the business services provider’s stock valued at $1,729,000 after purchasing an additional 509 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Copart by 17.9% during the first quarter. Sequoia Financial Advisors LLC now owns 23,821 shares of the business services provider’s stock valued at $1,348,000 after purchasing an additional 3,625 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Copart by 297.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 178,338 shares of the business services provider’s stock valued at $10,092,000 after purchasing an additional 133,431 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPRT shares. Stephens dropped their price objective on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Robert W. Baird dropped their price objective on shares of Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. HSBC set a $62.00 price target on shares of Copart and gave the stock a “buy” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Finally, Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Copart presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the sale, the chief executive officer directly owned 31,332 shares in the company, valued at $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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. 9.68% of the stock is owned by insiders.

Copart Stock Performance

Shares of CPRT opened at $44.16 on Tuesday. Copart, Inc. has a 1 year low of $43.32 and a 1 year high of $64.38. The company has a market cap of $42.73 billion, a price-to-earnings ratio of 27.60 and a beta of 1.03. The firm has a fifty day moving average of $46.33 and a 200-day moving average of $50.34.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Copart Company 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.