Triavera Capital LLC Sells 54,240 Shares of Copart, Inc. $CPRT

Triavera Capital LLC lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 47.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,032 shares of the business services provider’s stock after selling 54,240 shares during the period. Copart comprises about 1.3% of Triavera Capital LLC’s portfolio, making the stock its 19th biggest position. Triavera Capital LLC’s holdings in Copart were worth $2,655,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in shares of Copart in the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC acquired a new stake in Copart during the 3rd quarter worth approximately $27,000. LRI Investments LLC boosted its position in Copart by 125.2% during the 3rd quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock worth $29,000 after buying an additional 363 shares during the period. Cornerstone Planning Group LLC grew its holdings in Copart by 54.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock worth $31,000 after acquiring an additional 256 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Copart by 173.4% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 864 shares of the business services provider’s stock worth $39,000 after acquiring an additional 548 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

Shares of CPRT stock opened at $37.72 on Friday. The company has a market cap of $36.34 billion, a P/E ratio of 23.58 and a beta of 1.09. The stock has a 50 day simple moving average of $39.07 and a two-hundred day simple moving average of $41.92. Copart, Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $63.85.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.15 billion. Copart had a net margin of 33.76% and a return on equity of 16.68%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays reiterated an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. CJS Securities raised Copart to a “strong-buy” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. cut their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Robert W. Baird set a $48.00 price target on Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, Zacks Research cut Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.40.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 25,137 shares of Copart stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the transaction, the chief executive officer owned 55,970 shares of the company’s stock, valued at $2,248,314.90. This trade represents a 30.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.60% of the company’s stock.

Copart Company Profile

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.