Copart, Inc. $CPRT Shares Sold by MFA Wealth Advisors LLC

Key Points

• MFA Wealth Advisors LLC reduced its holdings in Copart, Inc. by **8.7%** in the second quarter, now owning **59,183 shares** worth approximately **$2.9 million** after selling **5,659 shares**.
• Director Thomas N. Tryforos sold **228,840 shares** at an average price of **$47.54**, totaling over **$10.8 million** in a recent transaction.
• Copart's most recent quarterly earnings report revealed an EPS of **$0.41**, surpassing estimates, although revenue of **$1.13 billion** fell slightly short of expectations.

MFA Wealth Advisors LLC lowered its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,183 shares of the business services provider's stock after selling 5,659 shares during the quarter. MFA Wealth Advisors LLC's holdings in Copart were worth $2,904,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings 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 last quarter. Vise Technologies Inc. acquired a new position in shares of Copart in the 4th quarter valued at $378,000. Sunbelt Securities Inc. acquired a new position in shares of Copart in the 4th quarter valued at $31,000. Toronto Dominion Bank boosted its holdings in shares of Copart by 16.8% in the 4th quarter. Toronto Dominion Bank now owns 503,377 shares of the business services provider's stock valued at $28,889,000 after purchasing an additional 72,294 shares during the last quarter. Finally, United Advisor Group LLC boosted its holdings in shares of Copart by 20.4% in the 4th quarter. United Advisor Group LLC now owns 9,000 shares of the business services provider's stock valued at $517,000 after purchasing an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 228,840 shares of the firm's stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Liaw sold 24,088 shares of the firm's stock in a transaction on 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 directly owned 31,527 shares of the company's stock, valued at approximately $1,463,798.61. This represents a 43.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.68% of the stock is owned by company insiders.

Copart Price Performance

Shares of CPRT stock opened at $45.38 on Tuesday. The firm has a market cap of $43.88 billion, a P/E ratio of 28.36 and a beta of 1.03. Copart, Inc. has a 1-year low of $45.05 and a 1-year high of $64.38. The firm has a fifty day moving average of $47.19 and a two-hundred day moving average of $52.12.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of Copart from $64.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. HSBC set a $62.00 price target on shares of Copart and gave the company a "buy" rating in a report on Thursday, September 4th. Stephens decreased their price target on shares of Copart from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, September 5th. Finally, Hsbc Global Res raised shares of Copart from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $54.50.

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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