Quantum Capital Management LLC NJ Sells 207,715 Shares of Copart, Inc. $CPRT

Quantum Capital Management LLC NJ lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 12.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,418,690 shares of the business services provider’s stock after selling 207,715 shares during the quarter. Copart comprises about 6.4% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 6th largest position. Quantum Capital Management LLC NJ’s holdings in Copart were worth $55,542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new stake in shares of Copart during the 4th quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new stake in shares of Copart during the 4th quarter worth approximately $33,000. Board of the Pension Protection Fund acquired a new stake in shares of Copart during the 4th quarter worth approximately $35,000. FNY Investment Advisers LLC acquired a new stake in shares of Copart during the 3rd quarter worth approximately $36,000. Finally, Triumph Capital Management raised its position in shares of Copart by 424.2% during the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after purchasing an additional 823 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 26,213 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total value of $869,747.34. Following the sale, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. This trade represents a 24.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.60% of the stock is currently owned by corporate insiders.

Copart Price Performance

CPRT opened at $30.75 on Friday. Copart, Inc. has a 12 month low of $29.97 and a 12 month high of $50.11. The stock has a market cap of $28.47 billion, a P/E ratio of 19.10 and a beta of 1.00. The stock’s 50 day moving average price is $32.85 and its 200 day moving average price is $36.20.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Copart, Inc. will post 1.58 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group set a $45.00 price target on Copart in a research report on Friday, May 22nd. Robert W. Baird set a $48.00 price target on Copart and gave the stock an “outperform” rating in a research report on Friday, February 20th. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Barclays reiterated an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. Finally, Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.50.

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.