35,508 Shares in Copart, Inc. $CPRT Bought by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC acquired 35,508 Copart shares during the second quarter, worth approximately $1.0 million. Institutional investors and hedge funds collectively own 85.78% of the company.
• Copart shares opened at $32.76, with a market capitalization of $30.33 billion and a 52-week trading range of $26.81 to $50.11.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $41.50. Meanwhile, CEO Jeffrey Liaw sold 27,745 shares for roughly $846,000, reducing his direct stake by 21.78%.

Sanctuary Advisors LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 35,508 shares of the business services provider's stock, valued at approximately $1,001,000.

Several other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of Copart by 1.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider's stock worth $931,000 after acquiring an additional 264 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Copart by 23.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider's stock valued at $68,000 after buying an additional 266 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Copart by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider's stock valued at $250,000 after buying an additional 282 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Copart by 11.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider's stock worth $109,000 after acquiring an additional 288 shares during the period. Finally, American Trust grew its holdings in Copart by 2.1% during the third quarter. American Trust now owns 14,230 shares of the business services provider's stock worth $640,000 after acquiring an additional 295 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

Copart stock opened at $32.76 on Friday. The firm has a market capitalization of $30.33 billion, a price-to-earnings ratio of 20.35 and a beta of 1.01. Copart, Inc. has a fifty-two week low of $26.81 and a fifty-two week high of $50.11. The stock's fifty day moving average is $29.72 and its two-hundred day moving average is $32.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Freedom Capital raised Copart to a "strong-buy" rating in a report on Friday, June 26th. Barclays set a $25.00 price target on shares of Copart and gave the company an "underweight" rating in a report on Wednesday. Stephens reiterated an "equal weight" rating and issued a $35.00 price objective on shares of Copart in a research note on Thursday, August 20th. Zacks Research downgraded shares of Copart from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Copart in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $41.50.

Insider Activity at Copart

In related news, CEO Jeffrey Liaw sold 27,745 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total value of $845,945.05. Following the sale, the chief executive officer directly owned 99,641 shares in the company, valued at $3,038,054.09. The trade was a 21.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.60% of the stock is owned by corporate 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.

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