29,755 Shares in Copart, Inc. $CPRT Acquired by William Allan Corp

William Allan Corp bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 29,755 shares of the business services provider’s stock, valued at approximately $1,338,000.

A number of other large investors also recently modified their holdings of CPRT. Brighton Jones LLC increased its holdings in Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after purchasing an additional 6,817 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Copart by 25.2% during the first quarter. NewEdge Advisors LLC now owns 29,436 shares of the business services provider’s stock worth $1,666,000 after purchasing an additional 5,918 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Copart in the first quarter valued at approximately $218,000. Ascent Group LLC bought a new position in Copart in the 1st quarter valued at approximately $221,000. Finally, Empowered Funds LLC raised its holdings in Copart by 21.3% in the 1st quarter. Empowered Funds LLC now owns 102,465 shares of the business services provider’s stock valued at $5,798,000 after buying an additional 18,020 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CPRT. JPMorgan Chase & Co. decreased their price target on shares of Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Barclays reissued an “underweight” rating and issued a $33.00 price objective (up previously from $32.00) on shares of Copart in a research note on Friday, November 21st. Robert W. Baird lowered their target price on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Finally, CJS Securities raised Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

Copart Stock Up 2.0%

CPRT stock opened at $39.83 on Friday. The firm has a market cap of $38.56 billion, a price-to-earnings ratio of 24.29 and a beta of 1.10. The company’s fifty day simple moving average is $39.68 and its 200 day simple moving average is $44.16. Copart, Inc. has a 12-month low of $37.41 and a 12-month high of $63.85.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.18 billion. Copart had a return on equity of 17.78% and a net margin of 34.24%.The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. Research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Thomas N. Tryforos sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total transaction of $3,907,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 31,332 shares in the company, valued at $1,403,360.28. The trade was a 43.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.