25,529 Shares in Copart, Inc. $CPRT Purchased by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 25,529 shares of the business services provider’s stock, valued at approximately $848,000.

A number of other large investors have also modified their holdings of CPRT. Nordea Investment Management AB grew its position in Copart by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 798,087 shares of the business services provider’s stock worth $31,353,000 after buying an additional 31,658 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Copart by 14.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 333,624 shares of the business services provider’s stock valued at $11,076,000 after acquiring an additional 41,060 shares during the period. ABN Amro Investment Solutions boosted its stake in shares of Copart by 82.5% during the 4th quarter. ABN Amro Investment Solutions now owns 199,794 shares of the business services provider’s stock worth $7,822,000 after acquiring an additional 90,339 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Copart by 193.6% during the 3rd quarter. Gotham Asset Management LLC now owns 944,876 shares of the business services provider’s stock worth $42,491,000 after acquiring an additional 623,012 shares in the last quarter. Finally, Davidson Kahn Capital Management LLC grew its holdings in shares of Copart by 56.3% in the 4th quarter. Davidson Kahn Capital Management LLC now owns 100,151 shares of the business services provider’s stock worth $3,921,000 after acquiring an additional 36,091 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CPRT shares. Freedom Capital raised Copart to a “strong-buy” rating in a research note on Friday, June 26th. Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.50.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total value of $869,747.34. Following the sale, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. This represents a 24.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.60% of the stock is currently owned by company insiders.

Copart Price Performance

Shares of NASDAQ CPRT traded down $0.82 on Friday, hitting $27.51. The company’s stock had a trading volume of 9,140,964 shares, compared to its average volume of 13,178,506. Copart, Inc. has a 12-month low of $27.49 and a 12-month high of $50.11. The company has a market capitalization of $25.47 billion, a price-to-earnings ratio of 17.09 and a beta of 1.02. The stock has a 50 day moving average of $31.31 and a 200-day moving average of $34.88.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Copart had a net margin of 33.48% and a return on equity of 16.63%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company posted $0.42 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that Copart, Inc. will post 1.58 EPS for the current fiscal year.

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.