20,218 Shares of Copart, Inc. $CPRT Bought by GoalVest Advisory LLC

GoalVest Advisory LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 20,218 shares of the business services provider’s stock, valued at approximately $552,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Copart in the 2nd quarter valued at approximately $1,908,980,000. Capital World Investors raised its holdings in shares of Copart by 25.1% in the fourth quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock valued at $1,085,588,000 after purchasing an additional 5,555,101 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Copart by 21.7% in the fourth quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock worth $860,618,000 after purchasing an additional 3,918,610 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Copart in the second quarter worth $436,413,000. Finally, Bank of America Corp DE boosted its holdings in Copart by 28.7% during the first quarter. Bank of America Corp DE now owns 9,706,517 shares of the business services provider’s stock worth $322,256,000 after purchasing an additional 2,165,708 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 27,745 shares of Copart stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the completion of the transaction, the chief executive officer owned 99,641 shares in the company, valued at approximately $3,038,054.09. This trade represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CPRT shares. Robert W. Baird decreased their target price on shares of Copart from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, September 11th. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Barrington Research upgraded shares of Copart from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Friday, September 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $35.00 target price on shares of Copart in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $37.80.

Copart Price Performance

NASDAQ CPRT traded up $0.11 on Friday, hitting $27.40. 2,451,862 shares of the stock were exchanged, compared to its average volume of 10,177,264. The business’s fifty day moving average is $30.62 and its 200 day moving average is $31.27. Copart, Inc. has a 52 week low of $26.74 and a 52 week high of $45.89. The company has a market capitalization of $25.39 billion, a PE ratio of 17.61, a P/E/G ratio of 1.32 and a beta of 1.06.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, September 10th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Copart had a net margin of 31.81% and a return on equity of 15.93%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. Analysts predict that Copart, Inc. will post 1.65 EPS for the current fiscal year.

Copart Profile

Copart, Inc is a global provider of online vehicle auction and remarketing services. The company primarily sells vehicles that have been damaged, totaled, recovered from theft, or otherwise deemed uneconomical to repair. Its customers include insurance companies, automobile dealers, dismantlers, rebuilders, exporters, rental and finance companies, and members of the general public.

Copart conducts auctions through its online VB3 platform, which connects buyers with vehicles listed at the company’s facilities.