Copart, Inc. $CPRT Stock Position Lowered by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 325,216 shares of the business services provider’s stock after selling 30,845 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Copart were worth $15,958,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Atticus Wealth Management LLC purchased a new position in shares of Copart during the second quarter valued at $31,000. Creekmur Asset Management LLC boosted its position in Copart by 1,063.0% during the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after acquiring an additional 574 shares during the period. Ameritas Advisory Services LLC purchased a new position in Copart during the 2nd quarter valued at about $31,000. Accent Capital Management LLC acquired a new position in shares of Copart in the 1st quarter valued at about $36,000. Finally, Bank of Jackson Hole Trust lifted its position in shares of Copart by 83.8% in the second quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock worth $36,000 after purchasing an additional 335 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPRT has been the topic of several research reports. Barclays set a $32.00 price objective on shares of Copart in a research note on Tuesday, November 11th. HSBC set a $62.00 price target on shares of Copart and gave the stock a “buy” rating in a research note on Thursday, September 4th. Stephens reduced their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Copart currently has an average rating of “Hold” and an average price target of $50.00.

Insider Activity at Copart

In related news, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the sale, the chief executive officer directly owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The SEC filing for this sale provides additional information. Company insiders own 9.60% of the company’s stock.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $41.02 on Friday. The stock has a market capitalization of $39.70 billion, a P/E ratio of 25.64 and a beta of 1.06. The business has a 50-day moving average of $43.90 and a two-hundred day moving average of $48.11. Copart, Inc. has a fifty-two week low of $39.58 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts expect that Copart, Inc. will post 1.57 EPS 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.