Vanguard Personalized Indexing Management LLC Has $5.87 Million Stock Position in Copart, Inc. $CPRT

Vanguard Personalized Indexing Management LLC increased its position in Copart, Inc. (NASDAQ:CPRTFree Report) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,525 shares of the business services provider’s stock after purchasing an additional 8,002 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Copart were worth $5,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPRT. Aberdeen Group plc boosted its holdings in Copart by 2.9% during the second quarter. Aberdeen Group plc now owns 511,873 shares of the business services provider’s stock worth $25,118,000 after buying an additional 14,413 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its holdings in Copart by 4.5% during the second quarter. Blue Zone Wealth Advisors LLC now owns 123,154 shares of the business services provider’s stock worth $6,043,000 after buying an additional 5,310 shares during the last quarter. Blue Trust Inc. boosted its holdings in Copart by 15.4% during the second quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock worth $85,000 after buying an additional 232 shares during the last quarter. Baskin Financial Services Inc. boosted its holdings in Copart by 1.3% during the second quarter. Baskin Financial Services Inc. now owns 765,938 shares of the business services provider’s stock worth $37,584,000 after buying an additional 9,575 shares during the last quarter. Finally, Callan Family Office LLC boosted its holdings in Copart by 281.5% during the second quarter. Callan Family Office LLC now owns 23,978 shares of the business services provider’s stock worth $1,177,000 after buying an additional 17,692 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPRT. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Robert W. Baird reduced their target price on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. Stephens cut their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. HSBC set a $62.00 price objective on Copart and gave the company a “buy” rating in a report on Thursday, September 4th. Finally, Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

View Our Latest Research Report on Copart

Copart Stock Performance

Shares of Copart stock opened at $44.07 on Tuesday. The business’s 50 day simple moving average is $46.77 and its 200 day simple moving average is $51.15. Copart, Inc. has a 52-week low of $43.71 and a 52-week high of $64.38. The firm has a market cap of $42.65 billion, a PE ratio of 27.54 and a beta of 1.03.

Copart (NASDAQ:CPRTGet Free Report) last announced its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $0.33 EPS. Copart’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Copart Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRTFree Report).

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.