Atria Investments Inc Raises Stock Position in Copart, Inc. $CPRT

Atria Investments Inc raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 23.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,202 shares of the business services provider’s stock after purchasing an additional 16,677 shares during the period. Atria Investments Inc’s holdings in Copart were worth $3,966,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of Copart during the 3rd quarter worth about $25,000. Tripletail Wealth Management LLC acquired a new position in shares of Copart during the third quarter valued at approximately $27,000. Creekmur Asset Management LLC raised its holdings in shares of Copart by 1,063.0% during 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 last quarter. LRI Investments LLC lifted its position in shares of Copart by 125.2% in the third quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 363 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Copart by 54.0% in the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock worth $31,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 25,137 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $40.17, for a total value of $1,009,753.29. Following the sale, the chief executive officer directly owned 55,970 shares in the company, valued at approximately $2,248,314.90. The trade was a 30.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas N. Tryforos sold 100,000 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. The SEC filing for this sale provides additional information. Corporate insiders own 9.60% of the company’s stock.

Copart Price Performance

Shares of CPRT stock opened at $37.49 on Friday. The company has a market capitalization of $36.29 billion, a PE ratio of 22.86 and a beta of 1.08. The firm’s 50-day moving average is $39.57 and its two-hundred day moving average is $42.86. Copart, Inc. has a 12 month low of $36.52 and a 12 month high of $63.85.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.18 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. Sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CPRT shares. JPMorgan Chase & Co. reduced their price objective on Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays restated 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. Finally, Robert W. Baird cut their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Copart has an average rating of “Moderate Buy” and a consensus price target of $47.60.

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.