Vestmark Advisory Solutions Inc. Acquires Shares of 5,330 Copart, Inc. $CPRT

Vestmark Advisory Solutions Inc. bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,330 shares of the business services provider’s stock, valued at approximately $262,000.

Several other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR lifted its stake in Copart by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock worth $1,487,000 after purchasing an additional 218 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Copart by 1.8% in the first quarter. Gamco Investors INC. ET AL now owns 12,590 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 220 shares during the period. Brooklyn Investment Group raised its stake in shares of Copart by 4.0% in the first quarter. Brooklyn Investment Group now owns 5,780 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 223 shares in the last quarter. Blue Trust Inc. lifted its stake in Copart by 15.4% in the second quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock worth $85,000 after acquiring an additional 232 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC grew its stake in shares of Copart by 3.5% during the first quarter. Legacy Capital Wealth Partners LLC now owns 7,382 shares of the business services provider’s stock worth $418,000 after purchasing an additional 247 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Copart news, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total value of $1,087,635.57. Following the completion of the sale, the chief executive officer directly owned 31,332 shares in the company, valued at $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 9.60% of the company’s stock.

Copart Stock Performance

CPRT stock opened at $41.48 on Thursday. Copart, Inc. has a 1 year low of $39.58 and a 1 year high of $64.38. The firm has a market cap of $40.15 billion, a P/E ratio of 25.85 and a beta of 1.06. The stock’s 50 day moving average price is $44.80 and its 200 day moving average price is $48.83.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. Copart had a return on equity of 18.17% and a net margin of 33.41%.The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CPRT. Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Robert W. Baird reduced their price objective on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. HSBC set a $62.00 target price on shares of Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Finally, Stephens reduced their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.00.

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.