Beddow Capital Management Inc. Has $3.70 Million Holdings in Copart, Inc. $CPRT

Beddow Capital Management Inc. lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 44.4% in the 4th quarter, Holdings Channel reports. The firm owned 94,590 shares of the business services provider’s stock after buying an additional 29,105 shares during the quarter. Copart accounts for 1.4% of Beddow Capital Management Inc.’s portfolio, making the stock its 28th biggest holding. Beddow Capital Management Inc.’s holdings in Copart were worth $3,703,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Lodestone Wealth Management LLC bought a new stake in shares of Copart in the fourth quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new position in Copart in the fourth quarter worth $33,000. Board of the Pension Protection Fund bought a new position in Copart in the fourth quarter worth $35,000. FNY Investment Advisers LLC bought a new position in Copart in 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 valued at $61,000 after acquiring an additional 366 shares during the period. Institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Trading Down 0.3%

CPRT stock opened at $30.86 on Tuesday. The firm has a market capitalization of $28.57 billion, a PE ratio of 19.17 and a beta of 1.01. Copart, Inc. has a 1-year low of $29.97 and a 1-year high of $50.91. The business’s 50 day simple moving average is $32.99 and its 200 day simple moving average is $36.45.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Copart, Inc. will post 1.58 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the completion of the sale, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. This represents a 24.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.60% of the company’s stock.

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.