Oxford Financial Group LTD. LLC Makes New Investment in Copart, Inc. $CPRT

Key Points

• Oxford Financial Group acquired 124,000 Copart shares worth approximately $3.5 million in the second quarter. Institutional investors own 85.78% of the company.
• Copart beat quarterly expectations with earnings of $0.43 per share versus the $0.41 consensus, while revenue reached $1.24 billion and increased 2.1% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $41.67; CEO Jeffrey Liaw also sold 27,745 shares in July.

Oxford Financial Group LTD. LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 124,000 shares of the business services provider's stock, valued at approximately $3,496,000.

A number of other institutional investors also recently modified their holdings of CPRT. Brighton Jones LLC increased its holdings in shares of 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 purchasing an additional 6,817 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Copart by 365.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider's stock worth $63,000 after buying an additional 878 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Copart in the 2nd quarter valued at $2,677,000. Sei Investments Co. raised its position in shares of Copart by 110.0% during the second quarter. Sei Investments Co. now owns 900,330 shares of the business services provider's stock worth $44,179,000 after acquiring an additional 471,571 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Copart by 3.5% during the second quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider's stock valued at $20,270,000 after acquiring an additional 13,860 shares during the period. 85.78% of the stock is owned by institutional investors.

Copart Price Performance

NASDAQ:CPRT opened at $34.33 on Friday. The company has a market cap of $31.78 billion, a P/E ratio of 21.32 and a beta of 1.01. The firm's fifty day moving average price is $29.43 and its two-hundred day moving average price is $32.70. Copart, Inc. has a one year low of $26.81 and a one year high of $50.11.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. As a group, equities research analysts expect that Copart, Inc. will post 1.58 earnings per share for the current year.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer owned 99,641 shares in the company, valued at $3,038,054.09. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CPRT has been the subject of several recent research reports. Jefferies Financial Group set a $45.00 price objective on Copart in a report on Friday, May 22nd. Freedom Capital raised shares of Copart to a "strong-buy" rating in a research note on Friday, June 26th. Barclays set a $26.00 price target on Copart and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Zacks Research cut shares of Copart from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $35.00 price objective on shares of Copart in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $41.67.

Copart Profile

Copart NASDAQ: CPRT is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart's business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.

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