Atria Wealth Solutions Inc. Sells 41,040 Shares of Copart, Inc. $CPRT

Atria Wealth Solutions Inc. lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 77.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,672 shares of the business services provider’s stock after selling 41,040 shares during the period. Atria Wealth Solutions Inc.’s holdings in Copart were worth $573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. lifted its stake in Copart by 13.1% during the 1st quarter. Blue Trust Inc. now owns 1,510 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 175 shares during the period. Western Wealth Management LLC lifted its stake in Copart by 4.0% during the 1st quarter. Western Wealth Management LLC now owns 4,985 shares of the business services provider’s stock valued at $282,000 after acquiring an additional 192 shares during the period. FSM Wealth Advisors LLC lifted its stake in Copart by 4.9% during the 1st quarter. FSM Wealth Advisors LLC now owns 4,649 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 218 shares during the period. Transcend Capital Advisors LLC lifted its stake in Copart by 1.6% during the 1st quarter. Transcend Capital Advisors LLC now owns 13,941 shares of the business services provider’s stock valued at $789,000 after acquiring an additional 220 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in Copart by 1.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 12,590 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 220 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

CPRT opened at $44.34 on Monday. The firm has a market cap of $42.91 billion, a P/E ratio of 27.71 and a beta of 1.03. Copart, Inc. has a 1-year low of $43.32 and a 1-year high of $64.38. The company has a 50 day simple moving average of $46.61 and a two-hundred day simple moving average of $50.80.

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

Insider Buying and Selling

In other Copart news, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the transaction, the chief executive officer owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

CPRT has been the topic of a number of research reports. Robert W. Baird dropped their price objective on shares of Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. Stephens cut their target price 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. 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. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Finally, Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.50.

About Copart

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.