Copart, Inc. $CPRT Stock Holdings Reduced by CW Advisors LLC

CW Advisors LLC cut its position in shares of Copart, Inc. (NASDAQ:CPRT) by 64.3% in the second quarter, Holdings Channel reports. The firm owned 121,095 shares of the business services provider’s stock after selling 217,951 shares during the period. CW Advisors LLC’s holdings in Copart were worth $5,942,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Copart by 2.1% in the second quarter. Vanguard Group Inc. now owns 106,408,868 shares of the business services provider’s stock worth $5,221,483,000 after buying an additional 2,144,946 shares during the last quarter. Geode Capital Management LLC grew its position in Copart by 3.3% in the second quarter. Geode Capital Management LLC now owns 20,462,076 shares of the business services provider’s stock worth $999,305,000 after acquiring an additional 656,333 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Copart by 15.9% during the 1st quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock worth $868,417,000 after purchasing an additional 2,106,656 shares during the last quarter. Norges Bank acquired a new position in shares of Copart during the 2nd quarter worth $549,448,000. Finally, Invesco Ltd. raised its holdings in shares of Copart by 7.5% during the 1st quarter. Invesco Ltd. now owns 9,490,237 shares of the business services provider’s stock valued at $537,052,000 after purchasing an additional 658,329 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Down 0.2%

Shares of NASDAQ:CPRT opened at $38.72 on Friday. The business has a 50 day moving average price of $42.37 and a 200 day moving average price of $46.34. Copart, Inc. has a twelve month low of $38.61 and a twelve month high of $63.85. The company has a market cap of $37.48 billion, a price-to-earnings ratio of 23.61 and a beta of 1.12.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. Copart had a return on equity of 17.78% and a net margin of 34.24%.The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. Analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the transaction, the chief executive officer owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 353,123 shares of company stock valued at $15,873,689. Corporate insiders own 9.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, November 21st. HSBC set a $62.00 price target on Copart and gave the stock a “buy” rating in a research note on Thursday, September 4th. Stephens cut their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Barclays restated an “underweight” rating and issued a $33.00 target price (up from $32.00) on shares of Copart in a report on Friday, November 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.60.

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.