Littlejohn Financial Services Inc. Takes Position in Copart, Inc. $CPRT

Littlejohn Financial Services Inc. bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,466 shares of the business services provider’s stock, valued at approximately $1,100,000.

Several other large investors have also recently added to or reduced their stakes in CPRT. Tripletail Wealth Management LLC acquired a new position in shares of Copart during the third quarter worth about $27,000. Atticus Wealth Management LLC purchased a new stake in shares of Copart during the 2nd quarter valued at about $31,000. Ameritas Advisory Services LLC acquired a new position in Copart during the 2nd quarter worth approximately $31,000. Creekmur Asset Management LLC boosted its holdings in Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after acquiring an additional 574 shares during the period. Finally, Bank of Jackson Hole Trust grew its position in Copart by 83.8% in the second quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 335 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Thomas N. Tryforos sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total value of $3,907,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.60% of the stock is currently owned by corporate insiders.

Copart Price Performance

NASDAQ CPRT opened at $39.99 on Thursday. Copart, Inc. has a 12 month low of $37.41 and a 12 month high of $63.85. The company has a market capitalization of $38.71 billion, a price-to-earnings ratio of 24.38 and a beta of 1.10. The company’s fifty day moving average price is $39.52 and its two-hundred day moving average price is $43.96.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.18 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 EPS. As a group, analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

CPRT has been the topic of a number of recent research reports. Barclays reissued an “underweight” rating and set a $33.00 target price (up from $32.00) on shares of Copart in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on shares of Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Robert W. Baird lowered their target price on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Finally, CJS Securities upgraded Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Copart Company Profile

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.