Linden Thomas Advisory Services LLC Grows Stock Holdings in Copart, Inc. $CPRT

Linden Thomas Advisory Services LLC raised its stake in Copart, Inc. (NASDAQ:CPRT) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,945 shares of the business services provider’s stock after buying an additional 588 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Copart were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CPRT. Brighton Jones LLC boosted its position in Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after buying an additional 6,817 shares during the period. GAMMA Investing LLC boosted its position in Copart by 21.5% in the 1st quarter. GAMMA Investing LLC now owns 20,352 shares of the business services provider’s stock valued at $1,152,000 after buying an additional 3,598 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Copart by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,558 shares of the business services provider’s stock valued at $1,729,000 after buying an additional 509 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Copart by 126.2% in the 1st quarter. Golden State Wealth Management LLC now owns 2,886 shares of the business services provider’s stock worth $163,000 after purchasing an additional 1,610 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Copart by 17.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 23,821 shares of the business services provider’s stock worth $1,348,000 after purchasing an additional 3,625 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Down 0.0%

Shares of NASDAQ CPRT opened at $44.66 on Friday. The business’s 50 day moving average is $46.39 and its two-hundred day moving average is $50.50. The company has a market cap of $43.22 billion, a P/E ratio of 27.91 and a beta of 1.03. Copart, Inc. has a 12 month low of $43.32 and a 12 month high of $64.38.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CPRT shares. Stephens lowered their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research report on Friday. Robert W. Baird lowered their price target on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. HSBC set a $62.00 price target on shares of Copart and gave the stock a “buy” rating in a research report on Thursday, September 4th. Finally, Hsbc Global Res raised 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 given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Copart has a consensus rating of “Moderate Buy” and an average price target of $54.50.

Insider Buying and Selling

In other news, Director Thomas N. Tryforos sold 228,840 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Liaw sold 24,283 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total value of $1,087,635.57. Following the sale, the chief executive officer owned 31,332 shares in the company, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.68% of the company’s stock.

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.