Copart, Inc. $CPRT Shares Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 32.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,414 shares of the business services provider’s stock after acquiring an additional 1,075 shares during the period. Catalyst Capital Advisors LLC’s holdings in Copart were worth $217,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of Copart during the first quarter worth about $26,000. Atticus Wealth Management LLC bought a new position in shares of Copart during the second quarter worth about $31,000. Ameritas Advisory Services LLC bought a new position in shares of Copart during the second quarter worth about $31,000. Accent Capital Management LLC bought a new position in shares of Copart during the first quarter worth about $36,000. Finally, GFG Capital LLC bought a new position in shares of Copart during the second quarter worth about $37,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research report on Friday. HSBC set a $62.00 price target on shares of Copart and gave the stock a “buy” rating in a research report on Thursday, September 4th. Stephens reduced their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Finally, Robert W. Baird cut their target price on shares of Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

Copart Stock Down 0.0%

Shares of NASDAQ CPRT opened at $44.66 on Friday. The firm’s 50-day moving average price is $46.39 and its two-hundred day moving average price is $50.53. Copart, Inc. has a 52-week low of $43.32 and a 52-week high of $64.38. The stock has a market capitalization of $43.22 billion, a P/E ratio of 27.91 and a beta of 1.03.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Copart had a net margin of 33.41% and a return on equity of 18.17%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $0.33 earnings per share. Copart’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

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

About Copart

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.