Sanctuary Advisors LLC Buys Shares of 35,508 Copart, Inc. $CPRT

Sanctuary Advisors LLC acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,508 shares of the business services provider’s stock, valued at approximately $1,001,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its position in Copart by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock valued at $931,000 after acquiring an additional 264 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Copart by 23.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after purchasing an additional 266 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Copart by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock worth $250,000 after purchasing an additional 282 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Copart by 11.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 288 shares during the period. Finally, American Trust grew its holdings in Copart by 2.1% during the 3rd quarter. American Trust now owns 14,230 shares of the business services provider’s stock valued at $640,000 after purchasing an additional 295 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jeffrey Liaw sold 27,745 shares of the company’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 completion of the sale, the chief executive officer owned 99,641 shares in the company, valued at $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 9.60% of the company’s stock.

Wall Street Analyst Weigh In

CPRT has been the topic of a number of recent analyst reports. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Jefferies Financial Group set a $45.00 price target on Copart in a research note on Friday, May 22nd. Barclays set a $25.00 price target on Copart and gave the company an “underweight” rating in a report on Wednesday. Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a research note on Wednesday, July 29th. Finally, Stephens restated an “equal weight” rating and set a $35.00 price objective on shares of Copart in a report on Thursday, August 20th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.50.

Copart Trading Up 0.3%

Shares of NASDAQ CPRT opened at $32.76 on Friday. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 20.35 and a beta of 1.01. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11. The stock’s 50 day simple moving average is $29.72 and its 200 day simple moving average is $32.47.

Copart 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.