12,600 Shares in Copart, Inc. $CPRT Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 12,600 shares of the business services provider’s stock, valued at approximately $567,000.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Copart by 92.1% during the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after acquiring an additional 6,817 shares during the period. Geneos Wealth Management Inc. increased its position in Copart by 365.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock worth $63,000 after purchasing an additional 878 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Copart during the second quarter worth about $31,000. Ascent Group LLC raised its stake in Copart by 9.8% during the second quarter. Ascent Group LLC now owns 4,279 shares of the business services provider’s stock worth $210,000 after purchasing an additional 382 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Copart by 1.5% in the 2nd quarter. QRG Capital Management Inc. now owns 121,791 shares of the business services provider’s stock valued at $5,976,000 after purchasing an additional 1,763 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Performance

NASDAQ CPRT opened at $39.68 on Tuesday. The firm has a market cap of $38.41 billion, a price-to-earnings ratio of 24.20 and a beta of 1.10. The firm has a 50 day simple moving average of $39.50 and a 200-day simple moving average of $43.28. Copart, Inc. has a one year low of $37.41 and a one year high of $63.85.

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

Insider Buying and Selling at Copart

In related news, Director Thomas N. Tryforos sold 100,000 shares of Copart stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total value of $3,907,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Liaw sold 25,137 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $40.17, for a total value of $1,009,753.29. Following the sale, the chief executive officer owned 55,970 shares in the company, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CPRT has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Barclays reaffirmed an “underweight” rating and issued a $33.00 price target (up previously from $32.00) on shares of Copart in a research note on Friday, November 21st. CJS Securities raised Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Robert W. Baird reduced their price target on shares of Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

Copart Company 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.