Saturna Capital Corp Buys New Holdings in Copart, Inc. $CPRT

Saturna Capital Corp bought a new position in Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 37,132 shares of the business services provider’s stock, valued at approximately $1,822,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Brighton Jones LLC lifted its stake in Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after purchasing an additional 6,817 shares during the period. Kestra Private Wealth Services LLC lifted its position in shares of Copart by 14.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,453 shares of the business services provider’s stock worth $931,000 after buying an additional 2,103 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Copart by 4.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 67,746 shares of the business services provider’s stock valued at $3,834,000 after buying an additional 2,888 shares in the last quarter. Lindbrook Capital LLC grew its position in Copart by 15.6% in the first quarter. Lindbrook Capital LLC now owns 6,942 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 935 shares during the period. Finally, Wealth Alliance LLC raised its stake in Copart by 8.5% during the first quarter. Wealth Alliance LLC now owns 5,507 shares of the business services provider’s stock worth $312,000 after acquiring an additional 430 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

CPRT has been the topic of several recent analyst reports. HSBC set a $62.00 target price on shares of Copart and gave the company a “buy” rating in a research note on Thursday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Barclays set a $32.00 price objective on shares of Copart in a research note on Tuesday, November 11th. Stephens dropped their price objective on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Finally, Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.00.

Copart Stock Down 0.0%

Shares of NASDAQ:CPRT opened at $41.32 on Wednesday. The firm has a market cap of $39.99 billion, a P/E ratio of 25.83 and a beta of 1.06. Copart, Inc. has a 12 month low of $39.58 and a 12 month high of $64.38. The company’s 50-day moving average price is $44.20 and its two-hundred day moving average price is $48.20.

Copart (NASDAQ:CPRT) last announced its 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 net margin of 33.41% and a return on equity of 18.17%. The company 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 firm posted $0.33 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total value 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 approximately $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 9.60% of the company’s stock.

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.