29,380 Shares in Copart, Inc. $CPRT Purchased by JT Stratford LLC

Key Points

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JT Stratford LLC acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 29,380 shares of the business services provider's stock, valued at approximately $1,663,000.

Several other large investors have also made changes to their positions in CPRT. Cloud Capital Management LLC purchased a new stake in Copart in the first quarter valued at $26,000. Sunbelt Securities Inc. purchased a new position in shares of Copart during the 4th quarter valued at about $31,000. Accent Capital Management LLC acquired a new position in shares of Copart in the 1st quarter valued at about $36,000. Financial Network Wealth Advisors LLC boosted its stake in shares of Copart by 152.6% in the first quarter. Financial Network Wealth Advisors LLC now owns 783 shares of the business services provider's stock worth $44,000 after buying an additional 473 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Copart during the fourth quarter worth about $45,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the transaction, the chief executive officer directly owned 31,527 shares in the company, valued at approximately $1,463,798.61. This represents a 43.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CPRT shares. JPMorgan Chase & Co. decreased their price target on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Stephens initiated coverage on shares of Copart in a report on Tuesday, July 8th. They set an "equal weight" rating and a $50.00 target price for the company. Finally, Robert W. Baird lowered 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. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Copart currently has a consensus rating of "Hold" and a consensus target price of $53.33.

Copart Price Performance

CPRT stock traded up $0.07 during mid-day trading on Thursday, reaching $47.68. 3,765,024 shares of the company's stock were exchanged, compared to its average volume of 5,726,036. Copart, Inc. has a 12-month low of $45.05 and a 12-month high of $64.38. The stock's 50 day moving average is $47.34 and its 200 day moving average is $53.59. The company has a market cap of $46.10 billion, a price-to-earnings ratio of 31.37 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, meeting analysts' consensus estimates of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%.The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. On average, research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.