Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lifted by Cobblestone Capital Advisors LLC NY

Key Points

• Cobblestone Capital Advisors LLC increased its stake in Copart, Inc. by 2.0%, now owning 401,106 shares valued at approximately $22.7 million.
• CEO Jeffrey Liaw sold 24,088 shares of Copart at an average price of $46.43, reducing his position by 43.31%.
• Copart's most recent quarterly earnings report showed a net margin of 32.21% and a year-over-year revenue increase of 7.5%, with earnings per share meeting consensus estimates at $0.42.

Cobblestone Capital Advisors LLC NY raised its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,106 shares of the business services provider's stock after buying an additional 7,919 shares during the quarter. Copart makes up approximately 1.2% of Cobblestone Capital Advisors LLC NY's portfolio, making the stock its 21st biggest position. Cobblestone Capital Advisors LLC NY's holdings in Copart were worth $22,699,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CPRT. Western Pacific Wealth Management LP lifted its position in shares of Copart by 6.5% in the first quarter. Western Pacific Wealth Management LP now owns 2,838 shares of the business services provider's stock valued at $161,000 after acquiring an additional 173 shares in the last quarter. Blue Trust Inc. lifted its position in Copart by 13.1% during the first quarter. Blue Trust Inc. now owns 1,510 shares of the business services provider's stock worth $85,000 after buying an additional 175 shares during the period. Western Wealth Management LLC raised its holdings in shares of Copart by 4.0% in the 1st quarter. Western Wealth Management LLC now owns 4,985 shares of the business services provider's stock worth $282,000 after purchasing an additional 192 shares during the period. Nixon Peabody Trust Co. raised its holdings in shares of Copart by 5.0% in the 1st quarter. Nixon Peabody Trust Co. now owns 4,108 shares of the business services provider's stock worth $232,000 after purchasing an additional 195 shares during the period. Finally, FSM Wealth Advisors LLC raised its holdings in shares of Copart by 4.9% in the 1st quarter. FSM Wealth Advisors LLC now owns 4,649 shares of the business services provider's stock worth $263,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Price Performance

Shares of CPRT traded up $0.45 during midday trading on Wednesday, reaching $47.65. The stock had a trading volume of 4,776,971 shares, compared to its average volume of 5,685,895. Copart, Inc. has a 52 week low of $45.05 and a 52 week high of $64.38. The firm's 50 day moving average price is $47.73 and its 200-day moving average price is $54.07. The company has a market capitalization of $46.07 billion, a P/E ratio of 31.35 and a beta of 1.04.

Copart (NASDAQ:CPRT - Get Free Report) last posted 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. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Copart had a return on equity of 18.20% and a net margin of 32.21%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. On average, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

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 transaction, the chief executive officer owned 31,527 shares in the company, valued at approximately $1,463,798.61. The trade was a 43.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.68% of the company's stock.

Analysts Set New Price Targets

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

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.