Copart, Inc. $CPRT Shares Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs raised its position in Copart, Inc. (NASDAQ:CPRT) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,090 shares of the business services provider’s stock after acquiring an additional 2,711 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Copart were worth $1,722,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Western Wealth Management LLC grew its position in Copart by 4.0% in the first 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 in the last quarter. FSM Wealth Advisors LLC grew its position in Copart by 4.9% in the first 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 in the last quarter. Stephens Inc. AR grew its position in Copart by 0.7% in the second quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock valued at $1,487,000 after acquiring an additional 218 shares in the last quarter. Transcend Capital Advisors LLC grew its position in Copart by 1.6% in the first 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 in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Copart by 1.8% in the first 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 in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 24,283 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 31,332 shares in the company, valued at $1,403,360.28. This trade represents a 43.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. The disclosure for this sale can be found here. Company insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Robert W. Baird reduced their target price on Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, July 17th. HSBC set a $62.00 target price on Copart and gave the company a “buy” rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research note on Friday. Finally, Stephens reduced their target price on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Copart Price Performance

Shares of CPRT opened at $44.66 on Friday. The business’s fifty day moving average price is $46.39 and its 200 day moving average price is $50.50. Copart, Inc. has a 12-month low of $43.32 and a 12-month high of $64.38. The stock has a market capitalization of $43.22 billion, a PE ratio of 27.91 and a beta of 1.03.

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

Copart Company Profile

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.