Copart, Inc. $CPRT Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 35.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 909,115 shares of the business services provider’s stock after selling 497,157 shares during the period. US Bancorp DE’s holdings in Copart were worth $35,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PDS Planning Inc lifted its position in Copart by 4.9% during the third quarter. PDS Planning Inc now owns 5,196 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 242 shares during the period. Hollencrest Capital Management lifted its position in Copart by 13.2% during the third quarter. Hollencrest Capital Management now owns 2,088 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 244 shares during the period. Unique Wealth LLC lifted its position in Copart by 2.3% during the third quarter. Unique Wealth LLC now owns 10,785 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 245 shares during the period. Howard Capital Management Inc. lifted its position in Copart by 1.1% during the third quarter. Howard Capital Management Inc. now owns 24,163 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 253 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in Copart by 54.0% during the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 256 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird set a $48.00 target price on shares of Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. decreased their target price on shares of Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Copart in a research report on Monday, March 23rd. Barclays reiterated an “underweight” rating and issued a $32.00 price objective (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. Finally, Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Copart currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

Copart Stock Performance

Shares of Copart stock opened at $33.26 on Friday. The firm has a 50-day simple moving average of $34.31 and a two-hundred day simple moving average of $38.31. The company has a market cap of $32.03 billion, a P/E ratio of 20.78 and a beta of 1.02. Copart, Inc. has a fifty-two week low of $32.20 and a fifty-two week high of $63.85.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. Equities research analysts forecast that Copart, Inc. will post 1.58 EPS for the current year.

Insider Buying and Selling at Copart

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the transaction, the chief executive officer owned 79,532 shares in the company, valued at approximately $2,638,871.76. This represents a 24.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.60% of the company’s stock.

About Copart

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.