Corient Private Wealth LLC Acquires 39,057 Shares of Copart, Inc. $CPRT

Corient Private Wealth LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 14.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 317,648 shares of the business services provider’s stock after buying an additional 39,057 shares during the period. Corient Private Wealth LLC’s holdings in Copart were worth $15,587,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CPRT. Stephens Inc. AR lifted its position in Copart by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock valued at $1,487,000 after acquiring an additional 218 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Copart by 1.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 12,590 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 220 shares during the period. Allworth Financial LP boosted its position in shares of Copart by 0.8% during the second quarter. Allworth Financial LP now owns 28,978 shares of the business services provider’s stock worth $1,422,000 after buying an additional 228 shares during the period. Blue Trust Inc. boosted its position in shares of Copart by 15.4% during the second quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock worth $85,000 after buying an additional 232 shares during the period. Finally, Tobam grew its holdings in shares of Copart by 22.9% during the second quarter. Tobam now owns 1,340 shares of the business services provider’s stock worth $66,000 after buying an additional 250 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $39.22 on Friday. Copart, Inc. has a 52-week low of $38.18 and a 52-week high of $63.85. The stock has a market cap of $37.97 billion, a price-to-earnings ratio of 23.91 and a beta of 1.12. The firm’s 50-day moving average is $41.32 and its 200-day moving average is $45.31.

Copart (NASDAQ:CPRT) last issued its 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 during 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 firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

CPRT has been the subject of several research reports. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. lowered their price target on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. HSBC set a $62.00 price objective on shares of Copart and gave the stock a “buy” rating in a research note on Thursday, September 4th. Robert W. Baird lowered their target price on Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Finally, Stephens reduced their price target on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.60.

Insiders Place Their Bets

In other news, Director Thomas N. Tryforos sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total transaction of $3,907,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the sale, the chief executive officer directly owned 31,332 shares of the company’s stock, valued at $1,403,360.28. The trade was a 43.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.60% of the company’s stock.

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.