Copart, Inc. $CPRT Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC increased its stake in Copart, Inc. (NASDAQ:CPRT) by 30.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,636 shares of the business services provider’s stock after purchasing an additional 18,146 shares during the quarter. AE Wealth Management LLC’s holdings in Copart were worth $3,536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LRI Investments LLC lifted its stake in shares of Copart by 125.2% in the 3rd quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock worth $29,000 after acquiring an additional 363 shares during the period. Flossbach Von Storch SE raised its holdings in Copart by 89.2% during the third quarter. Flossbach Von Storch SE now owns 2,147,849 shares of the business services provider’s stock worth $96,589,000 after purchasing an additional 1,012,727 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Copart by 13.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 371,603 shares of the business services provider’s stock worth $16,711,000 after purchasing an additional 45,346 shares during the period. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Copart by 2.1% during the 3rd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 3,167,115 shares of the business services provider’s stock valued at $142,425,000 after purchasing an additional 65,545 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of Copart by 13.8% during the 3rd quarter. Truist Financial Corp now owns 371,615 shares of the business services provider’s stock valued at $16,712,000 after purchasing an additional 45,198 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

CPRT has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Barclays restated an “underweight” rating and set a $33.00 price objective (up previously from $32.00) on shares of Copart in a research report on Friday, November 21st. JPMorgan Chase & Co. dropped their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Robert W. Baird reduced their target price on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Finally, CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.60.

Copart Price Performance

CPRT stock opened at $40.58 on Friday. The firm has a market capitalization of $39.28 billion, a P/E ratio of 24.74 and a beta of 1.10. Copart, Inc. has a 52-week low of $37.41 and a 52-week high of $63.85. The company’s 50 day simple moving average is $39.49 and its 200-day simple moving average is $43.34.

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 firm had revenue of $1.16 billion for 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%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In related news, 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 transaction of $3,907,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Liaw sold 25,137 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $40.17, for a total value of $1,009,753.29. Following the sale, the chief executive officer owned 55,970 shares of the company’s stock, valued at $2,248,314.90. The trade was a 30.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.60% of the stock is currently owned by insiders.

Copart 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.