Copart, Inc. $CPRT Shares Sold by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 55.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,508 shares of the business services provider’s stock after selling 1,914 shares during the period. Zions Bancorporation National Association UT’s holdings in Copart were worth $74,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Atticus Wealth Management LLC acquired a new position in Copart during the second quarter worth $31,000. Ameritas Advisory Services LLC purchased a new stake in shares of Copart during the 2nd quarter worth $31,000. Creekmur Asset Management LLC boosted its position in shares of Copart by 1,063.0% during the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after purchasing an additional 574 shares in the last quarter. Accent Capital Management LLC acquired a new position in shares of Copart during the 1st quarter worth $36,000. Finally, Bank of Jackson Hole Trust increased its holdings in shares of Copart by 83.8% in the 2nd quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 335 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $41.34 on Wednesday. The firm has a market cap of $40.01 billion, a P/E ratio of 25.84 and a beta of 1.06. Copart, Inc. has a 1 year low of $39.58 and a 1 year high of $64.38. The firm’s 50 day moving average price is $44.94 and its 200 day moving average price is $48.88.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on CPRT. 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 decreased their price target on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. HSBC set a $62.00 price target on Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Barclays set a $32.00 price objective on Copart in a report on Tuesday. Finally, Stephens lowered their target price on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $50.00.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction dated 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 is available in the SEC filing. Corporate insiders own 9.60% 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.