First Nebraska Trust Co Invests $3.28 Million in Copart, Inc. $CPRT

First Nebraska Trust Co acquired a new position in Copart, Inc. (NASDAQ:CPRT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 98,860 shares of the business services provider’s stock, valued at approximately $3,282,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cache Advisors LLC acquired a new position in Copart during the 1st quarter valued at $31,000. Reflection Asset Management acquired a new stake in Copart in the 4th quarter worth $34,000. Triumph Capital Management increased its holdings in shares of Copart by 424.2% during the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after purchasing an additional 823 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Copart by 129.2% during the first quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the business services provider’s stock valued at $45,000 after buying an additional 761 shares during the last quarter. Finally, DV Equities LLC bought a new stake in shares of Copart in the fourth quarter valued at about $48,000. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 27,745 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the sale, the chief executive officer owned 99,641 shares of the company’s stock, valued at $3,038,054.09. The trade was a 21.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.60% of the stock is currently owned by corporate insiders.

Copart Stock Down 1.5%

Shares of CPRT opened at $29.12 on Friday. The stock has a market cap of $26.96 billion, a price-to-earnings ratio of 18.09 and a beta of 1.02. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11. The company has a 50-day moving average price of $29.82 and a two-hundred day moving average price of $33.76.

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, beating analysts’ consensus estimates of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that Copart, Inc. will post 1.58 EPS for the current fiscal year.

Analysts Set New Price Targets

CPRT has been the topic of a number of recent research reports. Barclays set a $26.00 target price on Copart and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a research report on Wednesday. Jefferies Financial Group set a $45.00 price objective on Copart in a research report on Friday, May 22nd. Freedom Capital upgraded Copart to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Zacks Research cut Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Copart presently has a consensus rating of “Hold” and an average target price of $43.50.

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.