Copart, Inc. $CPRT is Weybosset Research & Management LLC’s 5th Largest Position

Weybosset Research & Management LLC lifted its position in Copart, Inc. (NASDAQ:CPRT) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 636,508 shares of the business services provider’s stock after buying an additional 26,348 shares during the period. Copart comprises 6.1% of Weybosset Research & Management LLC’s portfolio, making the stock its 5th largest holding. Weybosset Research & Management LLC owned about 0.07% of Copart worth $21,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Lodestone Wealth Management LLC purchased a new position in Copart in the 4th quarter worth approximately $25,000. Aventura Private Wealth LLC purchased a new stake in Copart during the 4th quarter valued at $33,000. Reflection Asset Management bought a new stake in shares of Copart in the 4th quarter worth $34,000. Board of the Pension Protection Fund bought a new stake in shares of Copart in the 4th quarter worth $35,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Copart in the third quarter worth $36,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CPRT. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Jefferies Financial Group set a $45.00 price target on shares of Copart in a report on Friday, May 22nd. Finally, Barclays reiterated an “underweight” rating and issued a $32.00 price target (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.50.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 26,213 shares of the firm’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 transaction, the chief executive officer owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This trade represents a 24.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.60% of the stock is owned by corporate insiders.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $30.23 on Monday. The stock has a market capitalization of $27.99 billion, a PE ratio of 18.78 and a beta of 1.01. The firm’s 50 day moving average price is $32.55 and its 200-day moving average price is $35.87. Copart, Inc. has a twelve month low of $29.46 and a twelve month high of $50.11.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business posted $0.42 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Analysts expect that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Copart Company Profile

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.