Copart, Inc. $CPRT Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 16.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,214 shares of the business services provider’s stock after selling 9,986 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Copart were worth $2,464,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of Copart during the first quarter worth $26,000. Atticus Wealth Management LLC acquired a new stake in shares of Copart during the second quarter worth $31,000. Creekmur Asset Management LLC boosted its holdings in shares of Copart by 1,063.0% during the second quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after purchasing an additional 574 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Copart during the second quarter worth $31,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Copart during the first quarter worth $36,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 directly owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. HSBC set a $62.00 price objective on Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Stephens reduced their target price on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Finally, Robert W. Baird reduced their target price on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Copart currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Copart Trading Up 1.2%

Shares of Copart stock opened at $43.01 on Monday. Copart, Inc. has a twelve month low of $41.96 and a twelve month high of $64.38. The stock has a market capitalization of $41.63 billion, a P/E ratio of 26.88 and a beta of 1.03. The business’s fifty day moving average price is $45.93 and its 200 day moving average price is $49.81.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Copart had a return on equity of 18.17% and a net margin of 33.41%.The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

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.