Axa S.A. Raises Holdings in Copart, Inc. $CPRT

Axa S.A. boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 65.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 572,085 shares of the business services provider’s stock after purchasing an additional 226,578 shares during the period. Axa S.A. owned about 0.06% of Copart worth $28,072,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CPRT. Atticus Wealth Management LLC bought a new stake in Copart during the 2nd quarter valued at $31,000. Creekmur Asset Management LLC increased its position 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 acquiring an additional 574 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Copart during the second quarter valued at about $31,000. Bank of Jackson Hole Trust boosted its holdings in shares of 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 purchasing an additional 335 shares during the period. Finally, GFG Capital LLC purchased a new stake in shares of Copart during the second quarter worth about $37,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In other Copart news, Director Thomas N. Tryforos sold 100,000 shares of Copart stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Liaw sold 24,283 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was 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 in the company, valued at $1,403,360.28. This trade represents a 43.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 353,123 shares of company stock worth $15,873,689. Insiders own 9.60% of the company’s stock.

Copart Trading Up 0.1%

Shares of CPRT stock opened at $38.44 on Wednesday. The company’s fifty day moving average price is $42.11 and its 200-day moving average price is $45.87. The stock has a market cap of $37.21 billion, a PE ratio of 23.44 and a beta of 1.12. Copart, Inc. has a 12 month low of $38.18 and a 12 month high of $63.85.

Copart (NASDAQ:CPRT) last issued its quarterly 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 net margin of 34.24% and a return on equity of 17.78%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company posted $0.37 EPS. Copart’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on CPRT shares. JPMorgan Chase & Co. lowered their price target on Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Barclays restated an “underweight” rating and set a $33.00 target price (up previously from $32.00) on shares of Copart in a report on Friday, November 21st. Robert W. Baird dropped their price target on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. One investment 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.60.

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.