Copart, Inc. $CPRT is Avenir Corp’s 7th Largest Position

Avenir Corp lifted its position in Copart, Inc. (NASDAQ:CPRT) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,154,765 shares of the business services provider’s stock after acquiring an additional 26,942 shares during the period. Copart comprises approximately 5.8% of Avenir Corp’s holdings, making the stock its 7th largest position. Avenir Corp owned approximately 0.12% of Copart worth $56,664,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Atticus Wealth Management LLC acquired a new position in Copart in the 2nd quarter worth approximately $31,000. Creekmur Asset Management LLC raised its stake 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 valued at $31,000 after purchasing an additional 574 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Copart in the second quarter valued at $31,000. Bank of Jackson Hole Trust boosted 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 buying an additional 335 shares during the period. Finally, GFG Capital LLC acquired a new stake in shares of Copart in the second quarter worth $37,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Down 0.1%

Shares of NASDAQ:CPRT opened at $38.67 on Friday. The stock has a market capitalization of $37.43 billion, a PE ratio of 23.58 and a beta of 1.12. Copart, Inc. has a 1 year low of $38.18 and a 1 year high of $63.85. The firm has a fifty day moving average price of $41.75 and a 200 day moving average price of $45.67.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. Copart had a return on equity of 17.78% and a net margin of 34.24%.The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. 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

Several research analysts recently weighed in on the company. Barclays reissued an “underweight” rating and set a $33.00 price target (up from $32.00) on shares of Copart in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Robert W. Baird lowered their price objective on shares of Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Finally, 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 report on Friday, September 5th. 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 company’s stock. Based on data from MarketBeat.com, Copart presently has a consensus rating of “Hold” and an average price target of $47.60.

Insider Buying and Selling

In other Copart news, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 31,332 shares in the company, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 353,123 shares of company stock worth $15,873,689 over the last three months. 9.60% of the stock is owned by company insiders.

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.