53,871 Shares in Copart, Inc. $CPRT Purchased by Leibman Financial Services Inc.

Leibman Financial Services Inc. bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 53,871 shares of the business services provider’s stock, valued at approximately $2,109,000. Copart accounts for approximately 1.5% of Leibman Financial Services Inc.’s portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cloud Capital Management LLC bought a new position in Copart in the third quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new stake in Copart during the 3rd quarter valued at $27,000. LRI Investments LLC raised its position in Copart by 125.2% during the 3rd quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 363 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Copart by 54.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock worth $31,000 after buying an additional 256 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Copart during the 3rd quarter worth $36,000. Institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 25,137 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $40.17, for a total value of $1,009,753.29. Following the sale, the chief executive officer directly owned 55,970 shares in the company, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.60% of the company’s stock.

Copart Trading Down 1.5%

Shares of NASDAQ:CPRT opened at $32.52 on Friday. Copart, Inc. has a 12-month low of $32.20 and a 12-month high of $63.85. The business’s fifty day simple moving average is $38.29 and its 200-day simple moving average is $41.05. The company has a market capitalization of $31.33 billion, a PE ratio of 20.33 and a beta of 1.09.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Copart had a return on equity of 16.68% and a net margin of 33.76%.The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CPRT. Robert W. Baird set a $48.00 price target on Copart and gave the company an “outperform” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research downgraded shares of Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Finally, Barclays restated an “underweight” rating and issued a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Copart currently has a consensus rating of “Hold” and an average price target of $44.40.

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.