Copart, Inc. $CPRT Stock Position Decreased by Chilton Investment Co. Inc.

Chilton Investment Co. Inc. trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 37.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,916 shares of the business services provider’s stock after selling 18,567 shares during the quarter. Chilton Investment Co. Inc.’s holdings in Copart were worth $1,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Copart by 92.1% in the 4th 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. increased its stake in Copart by 365.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock worth $63,000 after purchasing an additional 878 shares in the last quarter. Candriam S.C.A. raised its holdings in Copart by 15.3% during the 2nd quarter. Candriam S.C.A. now owns 55,981 shares of the business services provider’s stock worth $2,747,000 after buying an additional 7,443 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Copart by 23.9% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 73,225 shares of the business services provider’s stock worth $3,587,000 after buying an additional 14,107 shares during the period. Finally, Empower Advisory Group LLC lifted its stake in Copart by 10.4% during the second quarter. Empower Advisory Group LLC now owns 5,256 shares of the business services provider’s stock valued at $258,000 after buying an additional 496 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

Shares of CPRT opened at $34.09 on Monday. The company has a market capitalization of $32.84 billion, a PE ratio of 21.31 and a beta of 1.09. The company’s 50 day moving average price is $38.71 and its 200 day moving average price is $41.38. Copart, Inc. has a 52 week low of $33.53 and a 52 week high of $63.85.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. On average, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey Liaw sold 25,137 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the completion of the sale, the chief executive officer directly owned 55,970 shares in the company, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.