Copart, Inc. $CPRT Stake Raised by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 32.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,414 shares of the business services provider’s stock after buying an additional 1,075 shares during the period. Catalyst Capital Advisors LLC’s holdings in Copart were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of Copart during the first quarter valued at approximately $26,000. Atticus Wealth Management LLC acquired a new position in shares of Copart during the second quarter valued at approximately $31,000. Ameritas Advisory Services LLC acquired a new position in shares of Copart during the second quarter valued at approximately $31,000. Accent Capital Management LLC acquired a new position in shares of Copart during the first quarter valued at approximately $36,000. Finally, GFG Capital LLC acquired a new position in shares of Copart during the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Liaw sold 24,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the transaction, the chief executive officer directly owned 31,332 shares of the company’s stock, valued at $1,403,360.28. This represents a 43.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.68% of the company’s stock.

Copart Stock Performance

Copart stock opened at $44.66 on Friday. The firm has a market cap of $43.22 billion, a price-to-earnings ratio of 27.91 and a beta of 1.03. Copart, Inc. has a 1 year low of $43.32 and a 1 year high of $64.38. The firm’s 50 day moving average price is $46.39 and its two-hundred day moving average price is $50.53.

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

Analyst Ratings Changes

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

About Copart

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.