18,686 Shares in Copart, Inc. $CPRT Acquired by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,686 shares of the business services provider’s stock, valued at approximately $510,000.

Several other large investors have also made changes to their positions in the business. C M Bidwell & Associates Ltd. acquired a new stake in Copart in the 2nd quarter valued at $25,000. Byrne Asset Management LLC purchased a new stake in Copart in the 3rd quarter worth $25,000. Versant Capital Management Inc raised its position in Copart by 110.9% during the second quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $27,000 after acquiring an additional 498 shares during the period. Cache Advisors LLC acquired a new position in Copart during the first quarter worth $31,000. Finally, Cherry Tree Wealth Management LLC raised its position in Copart by 14,062.5% during the second quarter. Cherry Tree Wealth Management LLC now owns 1,133 shares of the business services provider’s stock worth $32,000 after acquiring an additional 1,125 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPRT has been the topic of several research analyst reports. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research report on Friday, June 26th. Barclays set a $25.00 price target on shares of Copart and gave the stock an “underweight” rating in a research report on Wednesday, August 26th. HSBC downgraded shares of Copart from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Wednesday, September 16th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $43.00 price target (up from $40.00) on shares of Copart in a research note on Monday, September 28th. Finally, Stephens reiterated an “equal weight” rating and issued a $35.00 price objective on shares of Copart in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.80.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 27,745 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer directly owned 99,641 shares in the company, valued at approximately $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Diane Morefield sold 20,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $27.66, for a total transaction of $553,200.00. Following the sale, the director directly owned 50,000 shares of the company’s stock, valued at approximately $1,383,000. This represents a 28.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.60% of the company’s stock.

Copart Stock Down 0.9%

Shares of CPRT opened at $27.58 on Thursday. Copart, Inc. has a 52-week low of $25.72 and a 52-week high of $45.76. The firm’s fifty day moving average is $29.99 and its two-hundred day moving average is $30.69. The stock has a market cap of $25.55 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Copart had a return on equity of 15.93% and a net margin of 31.81%. Copart’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. As a group, research analysts anticipate that Copart, Inc. will post 1.63 earnings per share for the current year.

Copart Company Profile

Copart, Inc is a provider of online vehicle auction and remarketing services. The company operates a digital marketplace that connects vehicle sellers with a broad network of buyers, including licensed dismantlers, rebuilders, used-car dealers, exporters and individual consumers.

Copart primarily sells vehicles that have been damaged, declared total losses by insurers, repossessed, donated or otherwise designated for resale. Its services also include vehicle storage, transportation, towing coordination, title processing, inspection and auction support.