Copart, Inc. (NASDAQ:CPRT) CEO Jeffrey Liaw Sells 24,088 Shares

Copart, Inc. (NASDAQ:CPRT - Get Free Report) CEO Jeffrey Liaw sold 24,088 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total value of $1,118,405.84. Following the transaction, the chief executive officer owned 31,527 shares in the company, valued at approximately $1,463,798.61. This represents a 43.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Copart Trading Up 0.2%

NASDAQ CPRT traded up $0.08 during mid-day trading on Wednesday, reaching $45.98. 7,964,966 shares of the company's stock traded hands, compared to its average volume of 5,013,152. Copart, Inc. has a 1-year low of $45.52 and a 1-year high of $64.38. The company has a fifty day simple moving average of $52.15 and a 200-day simple moving average of $55.47. The company has a market cap of $44.46 billion, a price-to-earnings ratio of 30.25 and a beta of 1.07.

Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $0.39 EPS. The business's revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Cloud Capital Management LLC bought a new stake in shares of Copart during the first quarter valued at approximately $26,000. Sandy Spring Bank increased its stake in Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after buying an additional 176 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Copart in the 4th quarter worth approximately $31,000. Atticus Wealth Management LLC acquired a new stake in Copart in the second quarter worth approximately $31,000. Finally, Accent Capital Management LLC bought a new position in Copart during the 1st quarter valued at $36,000. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CPRT has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Stephens assumed coverage on shares of Copart in a research note on Tuesday, July 8th. They set an "equal weight" rating and a $50.00 price objective on the stock.

Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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