Trexquant Investment LP Buys 329,020 Shares of Copart, Inc. $CPRT

Trexquant Investment LP raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 961.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 363,245 shares of the business services provider’s stock after purchasing an additional 329,020 shares during the period. Trexquant Investment LP’s holdings in Copart were worth $20,556,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Western Pacific Wealth Management LP raised its position in shares of Copart by 6.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,838 shares of the business services provider’s stock worth $161,000 after acquiring an additional 173 shares in the last quarter. Blue Trust Inc. raised its position in shares of Copart by 13.1% in the 1st quarter. Blue Trust Inc. now owns 1,510 shares of the business services provider’s stock worth $85,000 after acquiring an additional 175 shares in the last quarter. Western Wealth Management LLC raised its position in shares of Copart by 4.0% in the 1st quarter. Western Wealth Management LLC now owns 4,985 shares of the business services provider’s stock worth $282,000 after acquiring an additional 192 shares in the last quarter. Nixon Peabody Trust Co. raised its position in shares of Copart by 5.0% in the 1st quarter. Nixon Peabody Trust Co. now owns 4,108 shares of the business services provider’s stock worth $232,000 after acquiring an additional 195 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its position in shares of Copart by 4.9% in the 1st quarter. FSM Wealth Advisors LLC now owns 4,649 shares of the business services provider’s stock worth $263,000 after acquiring an additional 218 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their price objective on Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Stephens assumed coverage on Copart in a research report on Tuesday, July 8th. They issued an “equal weight” rating and a $50.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $53.33.

Copart Price Performance

Shares of CPRT opened at $48.61 on Thursday. The stock has a 50-day moving average of $47.37 and a 200-day moving average of $53.32. The company has a market cap of $47.00 billion, a PE ratio of 31.98 and a beta of 1.04. Copart, Inc. has a one year low of $45.05 and a one year high of $64.38.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 24,088 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total value of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares in the company, valued at $1,463,798.61. This trade represents a 43.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 9.68% of the stock is currently owned by corporate insiders.

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.