Kestra Advisory Services LLC Has $2.48 Million Stake in Copart, Inc. $CPRT

Key Points

• Kestra Advisory Services LLC reduced its holdings in Copart, Inc. by 24.4% during Q1, owning 43,776 shares worth approximately $2.48 million after selling 14,145 shares.
• CEO Jeffrey Liaw sold 24,088 shares of Copart stock for over $1.1 million, a significant 43.31% decrease in his position, now holding 31,527 shares valued at around $1.46 million.
• Copart shares have experienced a recent price fluctuation, with a current stock price of $48.75, down from a high of $64.38, and analysts mostly rating it as a "Hold" with a consensus price target of $53.33.

Kestra Advisory Services LLC trimmed its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 24.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,776 shares of the business services provider's stock after selling 14,145 shares during the period. Kestra Advisory Services LLC's holdings in Copart were worth $2,477,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Western Pacific Wealth Management LP lifted its holdings 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 purchasing an additional 173 shares in the last quarter. Blue Trust Inc. raised its holdings 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 acquiring an additional 175 shares in the last quarter. Western Wealth Management LLC raised its holdings in Copart by 4.0% during the first quarter. Western Wealth Management LLC now owns 4,985 shares of the business services provider's stock worth $282,000 after acquiring an additional 192 shares in the last quarter. Nixon Peabody Trust Co. raised its holdings in Copart by 5.0% during the first quarter. Nixon Peabody Trust Co. now owns 4,108 shares of the business services provider's stock worth $232,000 after acquiring an additional 195 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its holdings in Copart by 4.9% during the first quarter. FSM Wealth Advisors LLC now owns 4,649 shares of the business services provider's stock worth $263,000 after acquiring an additional 218 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPRT. Stephens began coverage on Copart in a report on Tuesday, July 8th. They set an "equal weight" rating and a $50.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Robert W. Baird dropped their target price on Copart from $64.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Copart currently has a consensus rating of "Hold" and a consensus price target of $53.33.

Copart Price Performance

NASDAQ CPRT traded up $0.06 during trading on Monday, reaching $48.81. 5,330,175 shares of the company's stock were exchanged, compared to its average volume of 5,537,744. The business has a 50 day moving average price of $47.41 and a 200-day moving average price of $53.09. The stock has a market capitalization of $47.20 billion, a P/E ratio of 32.11 and a beta of 1.03. Copart, Inc. has a fifty-two week low of $45.05 and a fifty-two week high of $64.38.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 9.68% of the stock is currently owned by company insiders.

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.