Blair William & Co. IL Sells 323,592 Shares of Copart, Inc. $CPRT

Blair William & Co. IL cut its position in shares of Copart, Inc. (NASDAQ:CPRT) by 6.8% during the 4th quarter, Holdings Channel reports. The firm owned 4,414,974 shares of the business services provider’s stock after selling 323,592 shares during the quarter. Blair William & Co. IL’s holdings in Copart were worth $172,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. Lodestone Wealth Management LLC purchased a new position in shares of Copart in the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC purchased a new stake in shares of Copart during the third quarter valued at approximately $36,000. Aventura Private Wealth LLC purchased a new stake in shares of Copart during the fourth quarter valued at approximately $33,000. Board of the Pension Protection Fund bought a new stake in Copart during the fourth quarter worth $35,000. Finally, Triumph Capital Management lifted its holdings in Copart by 424.2% during the fourth quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after acquiring an additional 823 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Trading Up 1.5%

Shares of NASDAQ CPRT opened at $30.74 on Wednesday. The stock has a fifty day simple moving average of $32.74 and a two-hundred day simple moving average of $36.06. Copart, Inc. has a 1-year low of $29.97 and a 1-year high of $50.11. The firm has a market cap of $28.46 billion, a price-to-earnings ratio of 19.09 and a beta of 1.00.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (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 analyst estimates of $1.19 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Analysts forecast that Copart, Inc. will post 1.58 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction dated 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 approximately $2,638,871.76. The trade was a 24.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.