Copart, Inc. $CPRT Holdings Lowered by CW Advisors LLC

CW Advisors LLC reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 64.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,095 shares of the business services provider’s stock after selling 217,951 shares during the period. CW Advisors LLC’s holdings in Copart were worth $5,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Atticus Wealth Management LLC bought a new position in Copart during the 2nd quarter valued at $31,000. Ameritas Advisory Services LLC bought a new stake in shares of Copart in the 2nd quarter worth $31,000. Creekmur Asset Management LLC lifted its holdings in shares of Copart by 1,063.0% in 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 period. Bank of Jackson Hole Trust lifted its holdings 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 valued at $36,000 after buying an additional 335 shares during the period. Finally, GFG Capital LLC bought a new position in Copart during the second quarter valued at about $37,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CPRT shares. Barclays reissued an “underweight” rating and issued a $33.00 price target (up from $32.00) on shares of Copart in a report on Friday, November 21st. Stephens cut their target price on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. HSBC set a $62.00 price target on Copart and gave the company a “buy” rating in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their target price on Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $47.60.

Insider Transactions at Copart

In other news, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total value 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 $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 353,123 shares of company stock valued at $15,873,689 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.

Copart Stock Performance

Copart stock opened at $38.72 on Friday. Copart, Inc. has a 52 week low of $38.61 and a 52 week high of $63.85. The firm has a market capitalization of $37.48 billion, a price-to-earnings ratio of 23.61 and a beta of 1.12. The company has a 50 day moving average price of $42.37 and a 200 day moving average price of $46.34.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Copart had a return on equity of 17.78% and a net margin of 34.24%.The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

About Copart

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.