AGP Franklin LLC Takes $1.83 Million Position in Copart, Inc. $CPRT

AGP Franklin LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,355 shares of the business services provider’s stock, valued at approximately $1,833,000.

Several other large investors have also added to or reduced their stakes in CPRT. Atticus Wealth Management LLC bought a new stake in Copart during the 2nd quarter worth approximately $31,000. Ameritas Advisory Services LLC bought a new position in shares of Copart in the second quarter valued at approximately $31,000. Creekmur Asset Management LLC boosted its position in shares of Copart by 1,063.0% during the second quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock valued at $31,000 after buying an additional 574 shares during the last quarter. Accent Capital Management LLC purchased a new position in shares of Copart during the first quarter valued at approximately $36,000. Finally, Bank of Jackson Hole Trust grew its holdings in Copart by 83.8% during the second quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock worth $36,000 after buying an additional 335 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Robert W. Baird lowered their target price on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Friday. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Stephens reduced their price objective 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. Finally, HSBC set a $62.00 price objective on shares of Copart and gave the company a “buy” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Copart has a consensus rating of “Hold” and an average price target of $49.60.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was 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 owned 31,332 shares in the company, valued at $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 9.60% of the company’s stock.

Copart Price Performance

Copart stock opened at $40.73 on Friday. The firm has a market capitalization of $39.42 billion, a P/E ratio of 25.46 and a beta of 1.06. Copart, Inc. has a one year low of $39.38 and a one year high of $64.38. The business has a fifty day moving average price of $43.75 and a 200-day moving average price of $47.96.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts expect that Copart, Inc. will post 1.57 earnings per share 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.