111 Capital Sells 23,833 Shares of Copart, Inc. $CPRT

111 Capital lessened its holdings in Copart, Inc. (NASDAQ:CPRT) by 67.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,440 shares of the business services provider’s stock after selling 23,833 shares during the period. 111 Capital’s holdings in Copart were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Lodestone Wealth Management LLC acquired a new stake in shares of Copart during the fourth quarter worth $25,000. Aventura Private Wealth LLC acquired a new stake in shares of Copart during the fourth quarter worth $33,000. Board of the Pension Protection Fund acquired a new stake in shares of Copart during the fourth quarter worth $35,000. FNY Investment Advisers LLC acquired a new stake in shares of Copart during the third quarter worth $36,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Copart by 36.7% during the third quarter. Larson Financial Group LLC now owns 1,363 shares of the business services provider’s stock worth $61,000 after buying an additional 366 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Up 0.6%

Copart stock opened at $30.96 on Friday. Copart, Inc. has a 12-month low of $29.97 and a 12-month high of $50.92. The business’s 50-day moving average price is $33.03 and its two-hundred day moving average price is $36.55. The stock has a market cap of $28.66 billion, a PE ratio of 19.23 and a beta of 1.00.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, analysts expect that Copart, Inc. will post 1.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CPRT shares. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Barclays reissued an “underweight” rating and issued a $32.00 target price (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Jefferies Financial Group set a $45.00 target price on shares of Copart in a report on Friday, May 22nd. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Robert W. Baird set a $48.00 target price on shares of Copart and gave the company an “outperform” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.50.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the sale, the chief executive officer directly owned 79,532 shares in the company, valued at approximately $2,638,871.76. The trade was a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.60% of the company’s stock.

About Copart

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.