Trilogy Capital Inc. Has $2.45 Million Stock Position in Copart, Inc. $CPRT

Key Points

• Trilogy Capital Inc. increased its stake in Copart, Inc. by 36.1% to hold 49,876 shares worth approximately $2.45 million as of its latest SEC filing.
• Copart's shares experienced a quarterly revenue growth of 2.9%, reporting earnings per share of $0.41, exceeding analyst forecasts.
• Institutional investors own 85.78% of Copart's stock, indicating strong confidence in the company's stability and growth potential.

Trilogy Capital Inc. grew its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 36.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,876 shares of the business services provider's stock after purchasing an additional 13,230 shares during the period. Trilogy Capital Inc.'s holdings in Copart were worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of Copart in the 1st quarter worth about $604,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of Copart by 52.2% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 23,862 shares of the business services provider's stock worth $1,350,000 after acquiring an additional 8,181 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Copart by 53.3% in the 1st quarter. Handelsbanken Fonder AB now owns 854,336 shares of the business services provider's stock worth $48,347,000 after acquiring an additional 297,210 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Copart by 16.5% in the 1st quarter. Private Trust Co. NA now owns 4,142 shares of the business services provider's stock worth $234,000 after acquiring an additional 586 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Copart by 15.9% in the 1st quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider's stock worth $868,417,000 after acquiring an additional 2,106,656 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Analyst Ratings Changes

CPRT has been the subject of several analyst reports. HSBC set a $62.00 price objective on shares of Copart and gave the company a "buy" rating in a research note on Thursday, September 4th. Hsbc Global Res upgraded shares of Copart from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Robert W. Baird decreased their price objective on shares of Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. Finally, Stephens decreased 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 note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Copart currently has an average rating of "Moderate Buy" and an average target price of $54.50.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Liaw sold 24,088 shares of the firm'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 completion of the transaction, the chief executive officer directly owned 31,527 shares of the company's stock, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by company insiders.

Copart Stock Up 0.3%

Shares of CPRT stock opened at $45.09 on Thursday. The company has a 50 day moving average of $47.03 and a 200-day moving average of $51.75. Copart, Inc. has a 12-month low of $44.23 and a 12-month high of $64.38. The firm has a market cap of $43.63 billion, a P/E ratio of 28.18 and a beta of 1.04.

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

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