W.G. Shaheen & Associates DBA Whitney & Co Has $9.12 Million Stock Position in Copart, Inc. $CPRT

W.G. Shaheen & Associates DBA Whitney & Co lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 274,718 shares of the business services provider’s stock after acquiring an additional 30,205 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Copart were worth $9,121,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new stake in Copart in the fourth quarter worth about $25,000. Cache Advisors LLC acquired a new position in Copart during the 1st quarter valued at about $31,000. Aventura Private Wealth LLC bought a new position in shares of Copart in the 4th quarter valued at about $33,000. Reflection Asset Management bought a new position in shares of Copart in the 4th quarter valued at about $34,000. Finally, Board of the Pension Protection Fund bought a new position in shares of Copart in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Trading Up 3.7%

Copart stock opened at $28.29 on Friday. The firm has a market capitalization of $26.19 billion, a P/E ratio of 17.57 and a beta of 1.02. The business has a 50-day moving average of $30.85 and a 200-day moving average of $34.53. Copart, Inc. has a 1 year low of $27.23 and a 1 year high of $50.11.

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

About Copart

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.