Copart, Inc. $CPRT Shares Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its stake in Copart, Inc. by 281.5% in Q2, now holding 23,978 shares valued at approximately $1.18 million.
• In recent analyst reports, Copart received mixed ratings, with HSBC upgrading it to a "strong-buy" while others have lowered price targets, resulting in an average price target of $54.50.
• Insider transactions included Director Thomas N. Tryforos selling 228,840 shares for over $10.8 million, while CEO Jeffrey Liaw sold 24,088 shares, indicating notable insider selling activity.

Callan Family Office LLC boosted its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 281.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 23,978 shares of the business services provider's stock after purchasing an additional 17,692 shares during the period. Callan Family Office LLC's holdings in Copart were worth $1,177,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in Copart in the 1st quarter valued at approximately $26,000. Atticus Wealth Management LLC purchased a new position in Copart in the 2nd quarter valued at approximately $31,000. Ameritas Advisory Services LLC purchased a new position in Copart in the 2nd quarter valued at approximately $31,000. Accent Capital Management LLC purchased a new stake in shares of Copart during the 1st quarter worth $36,000. Finally, GFG Capital LLC purchased a new stake in shares of Copart during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

CPRT has been the subject of a number of research reports. Hsbc Global Res raised shares of Copart from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Stephens reduced their price target on shares of Copart from $50.00 to $46.00 and set an "equal weight" rating for the company in a research report on Friday, September 5th. HSBC set a $62.00 price target on shares of Copart and gave the company a "buy" rating in a research report on Thursday, September 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Copart in a research report on Wednesday, October 8th. Finally, Robert W. Baird reduced their price target on shares of Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $54.50.

Insider Transactions at Copart

In other news, Director Thomas N. Tryforos sold 228,840 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction 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 trade represents a 43.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.68% of the company's stock.

Copart Stock Performance

NASDAQ CPRT opened at $43.88 on Monday. The firm has a market cap of $42.46 billion, a PE ratio of 27.43 and a beta of 1.03. Copart, Inc. has a one year low of $43.71 and a one year high of $64.38. The firm's fifty day moving average is $46.80 and its two-hundred day moving average is $51.23.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. Copart had a net margin of 33.41% and a return on equity of 18.17%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.33 earnings per share. Copart's quarterly revenue was up 2.9% on a year-over-year basis. Research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

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.

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