Baltimore Washington Financial Advisors Inc. Purchases 32,048 Shares of Copart, Inc. $CPRT

Baltimore Washington Financial Advisors Inc. boosted its position in Copart, Inc. (NASDAQ:CPRT) by 14.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 257,443 shares of the business services provider’s stock after buying an additional 32,048 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Copart were worth $12,633,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CPRT. Atticus Wealth Management LLC acquired a new stake in shares of Copart in the second quarter valued at approximately $31,000. Ameritas Advisory Services LLC bought a new position in Copart in the second quarter valued at $31,000. Creekmur Asset Management LLC increased its stake in Copart by 1,063.0% in the 2nd 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 acquired a new position in shares of Copart during the 1st quarter worth about $36,000. Finally, Bank of Jackson Hole Trust boosted its stake in shares of Copart by 83.8% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 24,283 shares of Copart 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 directly owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This trade represents a 43.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total value of $3,907,000.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 353,123 shares of company stock valued at $15,873,689. Corporate insiders own 9.60% of the company’s stock.

Copart Price Performance

NASDAQ:CPRT opened at $38.75 on Thursday. The company has a market cap of $37.50 billion, a P/E ratio of 24.22 and a beta of 1.06. The firm’s fifty day moving average price is $43.27 and its two-hundred day moving average price is $47.40. Copart, Inc. has a one year low of $38.67 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last posted its earnings results 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 net margin of 33.41% and a return on equity of 18.17%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company posted $0.37 EPS. Copart’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CPRT. Stephens lowered their target price on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Robert W. Baird dropped their price objective on Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. HSBC set a $62.00 price objective on Copart and gave the company a “buy” rating in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Copart currently has a consensus rating of “Hold” and a consensus target price of $47.60.

Copart 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.