Copart, Inc. $CPRT Stock Holdings Decreased by Triad Wealth Partners LLC

Triad Wealth Partners LLC decreased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,371 shares of the business services provider’s stock after selling 870 shares during the period. Triad Wealth Partners LLC’s holdings in Copart were worth $313,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. J. Safra Sarasin Holding AG grew its position in shares of Copart by 121.5% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 36,628 shares of the business services provider’s stock worth $1,797,000 after acquiring an additional 20,092 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Copart during the 2nd quarter valued at about $2,639,000. J2 Capital Management Inc raised its stake in Copart by 39.0% during the second quarter. J2 Capital Management Inc now owns 8,993 shares of the business services provider’s stock worth $441,000 after acquiring an additional 2,525 shares during the period. ASR Vermogensbeheer N.V. lifted its holdings in Copart by 3.9% in the second quarter. ASR Vermogensbeheer N.V. now owns 22,709 shares of the business services provider’s stock worth $1,114,000 after acquiring an additional 854 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its stake in Copart by 36.1% in the second quarter. Trilogy Capital Inc. now owns 49,876 shares of the business services provider’s stock valued at $2,447,000 after acquiring an additional 13,230 shares during the period. 85.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 24,088 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares in the company, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The disclosure for this sale can be found here. 9.68% of the stock is owned by corporate insiders.

Copart Stock Performance

NASDAQ CPRT opened at $45.11 on Friday. The firm’s 50 day moving average price is $46.97 and its two-hundred day moving average price is $51.64. Copart, Inc. has a twelve month low of $44.23 and a twelve month high of $64.38. The stock has a market cap of $43.65 billion, a price-to-earnings ratio of 28.19 and a beta of 1.03.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. On average, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CPRT shares. Stephens dropped their price target on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Robert W. Baird dropped their target price on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. HSBC set a $62.00 price target on shares of Copart and gave the company a “buy” rating in a report on Thursday, September 4th. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.50.

Copart 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.