VCI Wealth Management LLC Has $938,000 Holdings in Copart, Inc. $CPRT

VCI Wealth Management LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,113 shares of the business services provider’s stock after acquiring an additional 2,201 shares during the period. VCI Wealth Management LLC’s holdings in Copart were worth $938,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in shares of Copart in the first quarter valued at approximately $26,000. Atticus Wealth Management LLC acquired a new stake in shares of Copart in the second quarter valued at approximately $31,000. Ameritas Advisory Services LLC acquired a new stake in shares of Copart in the second quarter valued at approximately $31,000. Accent Capital Management LLC acquired a new stake in shares of Copart in the first quarter valued at approximately $36,000. Finally, GFG Capital LLC acquired a new stake in shares of Copart in the second quarter valued at approximately $37,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CPRT shares. Robert W. Baird dropped their price target on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. HSBC set a $62.00 price target on shares of Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Stephens lowered their price objective on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Copart has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the sale, the chief executive officer owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale can be found here. Insiders own 9.68% of the company’s stock.

Copart Price Performance

Shares of CPRT opened at $44.76 on Tuesday. Copart, Inc. has a one year low of $43.32 and a one year high of $64.38. The company has a market cap of $43.32 billion, a P/E ratio of 27.98 and a beta of 1.03. The firm has a 50 day simple moving average of $46.57 and a two-hundred day simple moving average of $50.74.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, beating 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 business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Copart Profile

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.