111 Capital Has $1.59 Million Stock Position in Copart, Inc. $CPRT

111 Capital cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 61.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,273 shares of the business services provider’s stock after selling 57,135 shares during the quarter. 111 Capital’s holdings in Copart were worth $1,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cloud Capital Management LLC bought a new position in Copart in the third quarter worth $25,000. Tripletail Wealth Management LLC acquired a new position in shares of Copart in the 3rd quarter valued at $27,000. LRI Investments LLC lifted its holdings in shares of Copart by 125.2% during 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. Creekmur Asset Management LLC boosted its position in shares of 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 acquiring an additional 574 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in Copart by 54.0% in the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 2.5%

Shares of Copart stock opened at $38.09 on Monday. The firm’s 50 day moving average is $39.18 and its 200 day moving average is $42.16. The firm has a market capitalization of $36.87 billion, a PE ratio of 23.81 and a beta of 1.09. Copart, Inc. has a 1 year low of $33.81 and a 1 year high of $63.85.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. As a group, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

CPRT has been the subject of several analyst reports. Barclays reissued an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Zacks Research lowered Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reduced their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Robert W. Baird set a $48.00 target price on shares of Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.40.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 25,137 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,248,314.90. This represents a 30.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 9.60% of the company’s stock.

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.