Diversify Advisory Services LLC Has $898,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Diversify Advisory Services LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 151.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,846 shares of the business services provider's stock after purchasing an additional 8,943 shares during the period. Diversify Advisory Services LLC's holdings in Copart were worth $898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Copart by 92.1% in the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider's stock valued at $816,000 after acquiring an additional 6,817 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Copart in the fourth quarter valued at approximately $234,000. Sandy Spring Bank lifted 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 acquiring an additional 176 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Copart by 10.7% during the 4th quarter. Teacher Retirement System of Texas now owns 51,138 shares of the business services provider's stock worth $2,935,000 after buying an additional 4,949 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Copart by 5.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 245,184 shares of the business services provider's stock worth $14,069,000 after buying an additional 12,206 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Price Performance

Shares of NASDAQ CPRT traded up $0.09 during mid-day trading on Friday, hitting $45.98. The company's stock had a trading volume of 9,149,548 shares, compared to its average volume of 5,035,237. The stock has a market cap of $44.46 billion, a price-to-earnings ratio of 30.25 and a beta of 1.07. Copart, Inc. has a one year low of $45.52 and a one year high of $64.38. The company's fifty day simple moving average is $51.52 and its 200-day simple moving average is $55.29.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Copart had a net margin of 32.21% and a return on equity of 18.20%. Copart's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CPRT shares. JPMorgan Chase & Co. cut their target price on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Stephens started coverage on shares of Copart in a research note on Tuesday, July 8th. They set an "equal weight" rating and a $50.00 target price for the company. Finally, Robert W. Baird cut their target price on shares of Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 24,088 shares of Copart 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 completion of the sale, the chief executive officer owned 31,527 shares of the company's stock, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.68% of the company's 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.