Jeffrey Liaw Sells 25,137 Shares of Copart (NASDAQ:CPRT) Stock

Copart, Inc. (NASDAQ:CPRT) CEO Jeffrey Liaw sold 25,137 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the completion of the transaction, the chief executive officer directly owned 55,970 shares in the company, valued at approximately $2,248,314.90. This represents a 30.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Copart Trading Down 0.5%

Shares of Copart stock opened at $41.04 on Friday. Copart, Inc. has a twelve month low of $37.41 and a twelve month high of $63.85. The stock has a market cap of $39.73 billion, a price-to-earnings ratio of 25.02 and a beta of 1.10. The company has a fifty day moving average price of $39.55 and a 200 day moving average price of $43.84.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of Copart by 14.6% in the 4th quarter. Blue Trust Inc. now owns 2,389 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 305 shares in the last quarter. Pictet North America Advisors SA bought a new stake in Copart in the fourth quarter valued at about $2,591,000. Lodestone Wealth Management LLC acquired a new stake in Copart during the fourth quarter valued at approximately $25,000. PineStone Asset Management Inc. raised its stake in Copart by 10.3% during the fourth quarter. PineStone Asset Management Inc. now owns 8,517,154 shares of the business services provider’s stock valued at $333,447,000 after buying an additional 794,502 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Copart by 2.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 429,245 shares of the business services provider’s stock worth $16,805,000 after acquiring an additional 10,149 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on CPRT shares. Robert W. Baird lowered their price objective on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. JPMorgan Chase & Co. lowered their price target on shares of Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. CJS Securities raised shares of Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Barclays reaffirmed an “underweight” rating and set a $33.00 target price (up from $32.00) on shares of Copart in a research report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.60.

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.