Rep. Jefferson Shreve Sells Off Shares of Copart, Inc. (NASDAQ:CPRT)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Copart, Inc. NASDAQ: CPRT. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Copart stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Copart Stock Performance

NASDAQ:CPRT traded up $0.42 during trading hours on Friday, hitting $46.69. The company's stock had a trading volume of 4,690,050 shares, compared to its average volume of 7,125,283. The company has a market capitalization of $45.15 billion, a PE ratio of 30.72 and a beta of 1.07. Copart, Inc. has a 52-week low of $45.52 and a 52-week high of $64.38. The business's 50-day moving average is $49.89 and its two-hundred day moving average is $54.94.

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

Institutional Investors Weigh In On Copart

Several hedge funds have recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in Copart in the 1st quarter valued at $26,000. Sandy Spring Bank increased its stake in Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in Copart during the fourth quarter worth about $31,000. Atticus Wealth Management LLC purchased a new stake in Copart in the 2nd quarter valued at about $31,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Copart in the second quarter worth approximately $31,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jeffrey Liaw sold 24,088 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares of the company's stock, valued at $1,463,798.61. The trade was a 43.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CPRT. Robert W. Baird reduced their price objective on Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, July 17th. Stephens began coverage on shares of Copart in a report on Tuesday, July 8th. They set an "equal weight" rating and a $50.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Copart

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.