Curio Wealth LLC Has $44,000 Stake in Copart, Inc. $CPRT

Curio Wealth LLC raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 89,900.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 900 shares of the business services provider’s stock after purchasing an additional 899 shares during the period. Curio Wealth LLC’s holdings in Copart were worth $44,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CPRT. Cloud Capital Management LLC acquired a new position in shares of Copart during the 1st quarter valued at $26,000. Atticus Wealth Management LLC bought a new stake in shares of Copart during the second quarter valued at approximately $31,000. Ameritas Advisory Services LLC acquired a new position in shares of Copart during the second quarter worth approximately $31,000. Accent Capital Management LLC bought a new position in shares of Copart in the 1st quarter worth $36,000. Finally, GFG Capital LLC acquired a new position in Copart during the second quarter worth $37,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 0.0%

CPRT opened at $44.66 on Friday. The firm has a 50-day moving average price of $46.39 and a 200-day moving average price of $50.50. Copart, Inc. has a twelve month low of $43.32 and a twelve month high of $64.38. The company has a market capitalization of $43.22 billion, a price-to-earnings ratio of 27.91 and a beta of 1.03.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. On average, sell-side analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CPRT has been the subject of a number of recent research reports. Stephens decreased their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research report on Friday. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Robert W. Baird reduced their target price on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, July 17th. Finally, HSBC set a $62.00 target price on shares of Copart and gave the company a “buy” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Copart currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the 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 completion of the sale, the chief executive officer owned 31,332 shares of the company’s stock, valued at $1,403,360.28. This represents a 43.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by corporate insiders.

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.