Stance Capital LLC Purchases Shares of 26,746 Copart, Inc. $CPRT

Stance Capital LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the second quarter, Holdings Channel.com reports. The fund bought 26,746 shares of the business services provider’s stock, valued at approximately $1,312,000.

Several other large investors have also added to or reduced their stakes in CPRT. Atticus Wealth Management LLC bought a new stake in shares of Copart in the 2nd quarter valued at $31,000. Ameritas Advisory Services LLC acquired a new stake in Copart in the second quarter worth $31,000. Creekmur Asset Management LLC increased its stake 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 valued at $31,000 after purchasing an additional 574 shares in the last quarter. Bank of Jackson Hole Trust raised its holdings in shares of Copart by 83.8% during the second 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 during the period. Finally, GFG Capital LLC acquired a new position in shares of Copart during the second quarter valued at about $37,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Down 0.1%

Shares of Copart stock opened at $38.67 on Friday. The company’s 50-day moving average price is $41.75 and its 200-day moving average price is $45.62. Copart, Inc. has a 12-month low of $38.18 and a 12-month high of $63.85. The company has a market cap of $37.43 billion, a price-to-earnings ratio of 23.58 and a beta of 1.12.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.18 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. On average, sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CPRT shares. 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 on the stock in a research report on Monday, November 24th. Stephens lowered their target price on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. HSBC set a $62.00 target price on Copart and gave the stock a “buy” rating in a research note on Thursday, September 4th. Finally, Robert W. Baird decreased their price target on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $47.60.

Insider Transactions at Copart

In other news, CEO Jeffrey Liaw sold 24,283 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was 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 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 353,123 shares of company stock valued at $15,873,689. Corporate insiders own 9.60% of the company’s stock.

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.