Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lessened by Weybosset Research & Management LLC

Weybosset Research & Management LLC lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 696,698 shares of the business services provider’s stock after selling 20,203 shares during the quarter. Copart makes up approximately 15.3% of Weybosset Research & Management LLC’s holdings, making the stock its largest holding. Weybosset Research & Management LLC owned 0.07% of Copart worth $40,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its holdings in shares of Copart by 90.9% during the third quarter. AE Wealth Management LLC now owns 19,503 shares of the business services provider’s stock worth $840,000 after purchasing an additional 9,287 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in Copart by 126.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 17,772 shares of the business services provider’s stock valued at $766,000 after buying an additional 9,916 shares during the period. Avior Wealth Management LLC increased its stake in shares of Copart by 82.6% during the 3rd quarter. Avior Wealth Management LLC now owns 1,240 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 561 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Copart by 432.1% in the third quarter. Private Trust Co. NA now owns 3,762 shares of the business services provider’s stock worth $162,000 after acquiring an additional 3,055 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in Copart by 107.0% in the third quarter. Koshinski Asset Management Inc. now owns 5,631 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 2,911 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.00.

Insiders Place Their Bets

In related news, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the sale, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the transaction, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now directly owns 35,000 shares in the company, valued at $1,934,450. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock worth $55,519,950 over the last quarter. 10.23% of the stock is owned by corporate insiders.

Copart Price Performance

NASDAQ CPRT traded down $0.02 during mid-day trading on Monday, hitting $55.71. The company’s stock had a trading volume of 3,324,216 shares, compared to its average volume of 4,557,984. Copart, Inc. has a 52-week low of $38.83 and a 52-week high of $58.58. The stock’s fifty day simple moving average is $55.00 and its two-hundred day simple moving average is $50.55. The firm has a market capitalization of $53.57 billion, a P/E ratio of 40.08 and a beta of 1.22.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a net margin of 33.41% and a return on equity of 21.55%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business posted $0.31 EPS. The business’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Copart, Inc. will post 1.42 earnings per share for the current fiscal 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.