Motley Fool Asset Management LLC Has $2.54 Million Position in Copart, Inc. (NASDAQ:CPRT)

Motley Fool Asset Management LLC boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,940 shares of the business services provider’s stock after acquiring an additional 1,066 shares during the period. Motley Fool Asset Management LLC’s holdings in Copart were worth $2,543,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in Copart in the first quarter valued at approximately $26,000. Sunbelt Securities Inc. bought a new position in shares of Copart during the 4th quarter worth approximately $31,000. Accent Capital Management LLC bought a new position in shares of Copart during the 1st quarter worth approximately $36,000. SouthState Corp bought a new position in shares of Copart during the 1st quarter worth approximately $45,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Copart during the 4th quarter worth approximately $45,000. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CPRT shares. Robert W. Baird cut their price target on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. cut their price target on Copart from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Finally, Stephens started coverage on Copart in a report on Tuesday, July 8th. They set an “equal weight” rating and a $50.00 price target on the stock.

Insider Buying and Selling at Copart

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 value of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares of the company’s stock, valued at approximately $1,463,798.61. This represents a 43.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.68% of the stock is owned by insiders.

Copart Stock Up 1.1%

Shares of NASDAQ:CPRT opened at $46.69 on Tuesday. Copart, Inc. has a twelve month low of $45.05 and a twelve month high of $64.38. The stock’s 50 day moving average is $47.80 and its 200-day moving average is $54.11. The firm has a market capitalization of $45.15 billion, a price-to-earnings ratio of 30.72 and a beta of 1.04.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. Copart’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.