Copart, Inc. $CPRT Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its stake in Copart, Inc. (NASDAQ:CPRT) by 35.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,037 shares of the business services provider’s stock after buying an additional 23,560 shares during the period. Motley Fool Asset Management LLC’s holdings in Copart were worth $3,525,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CPRT. Lodestone Wealth Management LLC acquired a new stake in Copart during the 4th quarter worth $25,000. Aventura Private Wealth LLC acquired a new stake in Copart during the 4th quarter worth $33,000. Board of the Pension Protection Fund acquired a new stake in Copart during the 4th quarter worth $35,000. FNY Investment Advisers LLC acquired a new stake in Copart during the 3rd quarter worth $36,000. Finally, Larson Financial Group LLC boosted its stake in Copart by 36.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,363 shares of the business services provider’s stock worth $61,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of Copart stock opened at $31.36 on Thursday. The firm has a fifty day moving average of $32.94 and a two-hundred day moving average of $36.31. The company has a market cap of $29.03 billion, a P/E ratio of 19.48 and a beta of 1.00. Copart, Inc. has a one year low of $29.97 and a one year high of $50.91.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. Copart had a net margin of 33.48% and a return on equity of 16.63%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 EPS. As a group, equities analysts predict that Copart, Inc. will post 1.58 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the transaction, the chief executive officer owned 79,532 shares in the company, valued at $2,638,871.76. This trade represents a 24.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.60% of the stock is owned by corporate insiders.

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.