Copart, Inc. $CPRT Holdings Decreased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,025 shares of the business services provider’s stock after selling 25,950 shares during the period. Signal Advisors Wealth LLC’s holdings in Copart were worth $6,873,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in Copart by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 798,087 shares of the business services provider’s stock worth $31,353,000 after acquiring an additional 31,658 shares during the period. ABN Amro Investment Solutions boosted its stake in Copart by 82.5% in the fourth quarter. ABN Amro Investment Solutions now owns 199,794 shares of the business services provider’s stock valued at $7,822,000 after acquiring an additional 90,339 shares during the period. Davidson Kahn Capital Management LLC grew its holdings in shares of Copart by 56.3% during the fourth quarter. Davidson Kahn Capital Management LLC now owns 100,151 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 36,091 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Copart by 21.0% during the third quarter. Integrated Wealth Concepts LLC now owns 249,396 shares of the business services provider’s stock valued at $11,215,000 after purchasing an additional 43,292 shares during the last quarter. Finally, Gotham Asset Management LLC raised its position in shares of Copart by 193.6% during the 3rd quarter. Gotham Asset Management LLC now owns 944,876 shares of the business services provider’s stock worth $42,491,000 after purchasing an additional 623,012 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.60% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $29.48 on Tuesday. Copart, Inc. has a 1 year low of $29.41 and a 1 year high of $50.11. The firm has a market capitalization of $27.29 billion, a PE ratio of 18.31 and a beta of 1.01. The stock has a fifty day moving average of $32.48 and a two-hundred day moving average of $35.81.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Equities research analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group set a $45.00 price objective on Copart in a research report on Friday, May 22nd. JPMorgan Chase & Co. dropped their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Barclays reissued 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. Finally, Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.50.

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.