Copart, Inc. $CPRT Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in Copart, Inc. (NASDAQ:CPRT) by 42.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,458,304 shares of the business services provider’s stock after buying an additional 729,528 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.25% of Copart worth $120,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atticus Wealth Management LLC acquired a new stake in Copart during the second quarter worth about $31,000. Ameritas Advisory Services LLC bought a new stake in shares of Copart during the 2nd quarter worth about $31,000. Creekmur Asset Management LLC lifted its position in Copart by 1,063.0% in 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 period. Accent Capital Management LLC bought a new position in Copart during the first quarter valued at about $36,000. Finally, Bank of Jackson Hole Trust boosted its position in shares of Copart by 83.8% during the 2nd quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 335 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 24,283 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total value of $1,087,635.57. Following the transaction, the chief executive officer owned 31,332 shares in the company, valued at $1,403,360.28. This trade represents a 43.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The SEC filing for this sale provides additional information. Insiders have sold 353,123 shares of company stock worth $15,873,689 over the last quarter. 9.60% of the stock is owned by company insiders.

Copart Stock Performance

CPRT opened at $38.75 on Thursday. The firm has a market cap of $37.50 billion, a price-to-earnings ratio of 24.22 and a beta of 1.06. The firm’s 50-day simple moving average is $43.27 and its 200-day simple moving average is $47.40. Copart, Inc. has a twelve month low of $38.67 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last announced 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 business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.Copart’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CPRT shares. Robert W. Baird decreased their target price on Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday. Stephens dropped their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Finally, Barclays reissued an “underweight” rating and set a $33.00 price objective (up previously from $32.00) on shares of Copart in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.60.

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.