Buckhead Capital Management LLC Buys 13,919 Shares of Copart, Inc. $CPRT

Buckhead Capital Management LLC raised its stake in Copart, Inc. (NASDAQ:CPRT) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,847 shares of the business services provider’s stock after purchasing an additional 13,919 shares during the period. Buckhead Capital Management LLC’s holdings in Copart were worth $3,276,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPRT. Stephens Inc. AR boosted its holdings in shares of Copart by 0.7% during the 2nd quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock worth $1,487,000 after buying an additional 218 shares during the period. Gamco Investors INC. ET AL lifted its position in Copart by 1.8% during the first quarter. Gamco Investors INC. ET AL now owns 12,590 shares of the business services provider’s stock worth $712,000 after acquiring an additional 220 shares during the last quarter. Allworth Financial LP lifted its position in Copart by 0.8% during the second quarter. Allworth Financial LP now owns 28,978 shares of the business services provider’s stock worth $1,422,000 after acquiring an additional 228 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Copart by 15.4% during the second quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock worth $85,000 after acquiring an additional 232 shares during the period. Finally, Tobam grew its position in shares of Copart by 22.9% in the second quarter. Tobam now owns 1,340 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 250 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Stock Performance

CPRT opened at $39.22 on Friday. Copart, Inc. has a 52-week low of $38.18 and a 52-week high of $63.85. The firm has a market cap of $37.97 billion, a P/E ratio of 23.91 and a beta of 1.12. The business’s fifty day moving average is $41.32 and its 200-day moving average is $45.31.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. Copart’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. On average, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the business’s 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 $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total value of $3,907,000.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CPRT shares. Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. CJS Securities upgraded Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Stephens reduced 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. JPMorgan Chase & Co. decreased their price target on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

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.