Copart, Inc. $CPRT Shares Bought by Rockland Trust Co.

Rockland Trust Co. grew its position in Copart, Inc. (NASDAQ:CPRT) by 9.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 490,844 shares of the business services provider’s stock after purchasing an additional 43,705 shares during the period. Rockland Trust Co. owned approximately 0.05% of Copart worth $22,073,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CPRT. Brighton Jones LLC lifted its position in Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 6,817 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Copart by 365.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after buying an additional 878 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Copart in the 2nd quarter valued at about $31,000. Prime Capital Investment Advisors LLC lifted its holdings in shares of Copart by 12.8% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 4,624 shares of the business services provider’s stock valued at $227,000 after buying an additional 523 shares during the period. Finally, Callan Family Office LLC boosted its stake in shares of Copart by 281.5% in the second quarter. Callan Family Office LLC now owns 23,978 shares of the business services provider’s stock worth $1,177,000 after buying an additional 17,692 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Price Performance

Shares of CPRT stock opened at $40.30 on Tuesday. Copart, Inc. has a 1-year low of $37.41 and a 1-year high of $63.85. The company has a market cap of $39.01 billion, a price-to-earnings ratio of 24.57 and a beta of 1.08. The stock has a 50 day simple moving average of $39.60 and a 200-day simple moving average of $43.05.

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

Wall Street Analyst Weigh In

CPRT has been the subject of several recent research reports. CJS Securities upgraded Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays reaffirmed an “underweight” rating and set a $33.00 price objective (up previously from $32.00) on shares of Copart in a research note on Friday, November 21st. JPMorgan Chase & Co. decreased their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Finally, Robert W. Baird lowered their price target on shares of Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 25,137 shares of Copart 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas N. Tryforos sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total value of $3,907,000.00. The SEC filing for this sale provides additional information. 9.60% of the stock is owned by insiders.

About Copart

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.