Baader Bank Aktiengesellschaft Purchases 12,160 Shares of Copart, Inc. (NASDAQ:CPRT)

Baader Bank Aktiengesellschaft boosted its position in Copart, Inc. (NASDAQ:CPRT) by 37.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,820 shares of the business services provider’s stock after acquiring an additional 12,160 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Copart were worth $2,536,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPRT. Cloud Capital Management LLC bought a new stake in Copart in the 1st quarter worth $26,000. Sunbelt Securities Inc. bought a new stake in Copart in the 4th quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Copart in the 4th quarter worth $45,000. Versant Capital Management Inc grew its holdings in Copart by 1,567.9% in the 1st quarter. Versant Capital Management Inc now owns 884 shares of the business services provider’s stock worth $50,000 after acquiring an additional 831 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its holdings in Copart by 51.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 829 shares of the business services provider’s stock worth $51,000 after acquiring an additional 281 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 24,088 shares of Copart stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the transaction, the chief executive officer directly owned 31,527 shares of the company’s stock, valued at $1,463,798.61. This trade represents a 43.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CPRT. JPMorgan Chase & Co. dropped their target price on shares of Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. Robert W. Baird dropped their target price on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Finally, Stephens began coverage on shares of Copart in a research report on Tuesday, July 8th. They issued an “equal weight” rating and a $50.00 target price for the company.

Copart Trading Up 0.8%

NASDAQ:CPRT opened at $46.45 on Wednesday. The company has a 50-day moving average price of $49.24 and a 200-day moving average price of $54.80. Copart, Inc. has a 12 month low of $45.52 and a 12 month high of $64.38. The stock has a market cap of $44.91 billion, a price-to-earnings ratio of 30.56 and a beta of 1.07.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Copart had a net margin of 32.21% and a return on equity of 18.20%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $0.39 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Copart, Inc. will post 1.57 EPS 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.