Roundview Capital LLC Acquires 33,671 Shares of Copart, Inc. $CPRT

Key Points

• Roundview Capital LLC increased its stake in Copart, Inc. by 22.8%, acquiring 33,671 shares and bringing its total holdings to 181,488 shares worth approximately $8.9 million.
• CEO Jeffrey Liaw sold 24,088 shares of Copart on July 15, resulting in a 43.31% decrease in his position, while Director Thomas N. Tryforos sold 228,840 shares on September 15.
• Several analysts have recently adjusted their price targets for Copart shares, with targets ranging from $46.00 to $64.00, and the stock currently has an average rating of "Moderate Buy" with a consensus target price of $54.50.

Roundview Capital LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 22.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,488 shares of the business services provider's stock after buying an additional 33,671 shares during the period. Roundview Capital LLC's holdings in Copart were worth $8,906,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GC Wealth Management RIA LLC bought a new position in Copart during the 2nd quarter valued at about $219,000. Sowell Financial Services LLC bought a new position in Copart during the 1st quarter valued at about $604,000. China Universal Asset Management Co. Ltd. grew its holdings in Copart by 52.2% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 23,862 shares of the business services provider's stock valued at $1,350,000 after purchasing an additional 8,181 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Copart by 53.3% during the 1st quarter. Handelsbanken Fonder AB now owns 854,336 shares of the business services provider's stock valued at $48,347,000 after purchasing an additional 297,210 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in Copart by 16.5% during the 1st quarter. Private Trust Co. NA now owns 4,142 shares of the business services provider's stock valued at $234,000 after purchasing an additional 586 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird cut 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. Weiss Ratings reissued a "hold (c)" rating on shares of Copart in a research report on Saturday, September 27th. Stephens lowered their price objective on shares of Copart from $50.00 to $46.00 and set an "equal weight" rating for the company in a research report on Friday, September 5th. Hsbc Global Res raised shares of Copart from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Finally, HSBC set a $62.00 price objective on shares of Copart and gave the company a "buy" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.50.

Insider Activity at Copart

In related news, CEO Jeffrey Liaw sold 24,088 shares of the business's stock in a transaction that occurred 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 owned 31,527 shares in the company, valued at $1,463,798.61. The trade was a 43.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale can be found here. Insiders own 9.68% of the company's stock.

Copart Stock Performance

Shares of CPRT opened at $44.45 on Tuesday. The stock has a market capitalization of $43.02 billion, a PE ratio of 27.78 and a beta of 1.03. The company has a 50 day moving average price of $46.93 and a 200-day moving average price of $51.54. Copart, Inc. has a fifty-two week low of $44.12 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Copart had a net margin of 33.41% and a return on equity of 18.17%. Copart's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. Equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Copart 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.

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