Copart, Inc. $CPRT Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 967,903 shares of the business services provider’s stock after selling 24,017 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Copart were worth $47,495,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CPRT. Stephens Inc. AR lifted its holdings in shares of Copart by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock valued at $1,487,000 after buying an additional 218 shares during the period. Gamco Investors INC. ET AL grew its holdings in Copart by 1.8% during the first quarter. Gamco Investors INC. ET AL now owns 12,590 shares of the business services provider’s stock worth $712,000 after acquiring an additional 220 shares during the period. Brooklyn Investment Group raised its position in Copart by 4.0% during 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. Allworth Financial LP lifted its holdings in Copart by 0.8% in the second quarter. Allworth Financial LP now owns 28,978 shares of the business services provider’s stock valued at $1,422,000 after acquiring an additional 228 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Copart by 15.4% in the second quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Copart stock opened at $41.02 on Friday. The stock has a market capitalization of $39.70 billion, a P/E ratio of 25.64 and a beta of 1.06. The company’s fifty day moving average price is $43.90 and its 200 day moving average price is $48.11. Copart, Inc. has a 1 year low of $39.58 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Copart had a net margin of 33.41% and a return on equity of 18.17%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction dated 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 owned 31,332 shares in the company, valued at approximately $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CPRT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. HSBC set a $62.00 price target on shares of Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Stephens decreased their price objective 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. Finally, Barclays restated an “underweight” rating and set a $33.00 target price on shares of Copart in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Copart presently has an average rating of “Hold” and a consensus target price of $50.20.

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.