Copart, Inc. $CPRT Shares Bought by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 185.6% in the 3rd quarter, Holdings Channel reports. The firm owned 191,537 shares of the business services provider’s stock after acquiring an additional 124,480 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Copart were worth $8,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CPRT. GC Wealth Management RIA LLC acquired a new position in shares of Copart during the second quarter valued at $219,000. Shell Asset Management Co. lifted its holdings in Copart by 6.7% in the second quarter. Shell Asset Management Co. now owns 167,910 shares of the business services provider’s stock worth $8,239,000 after purchasing an additional 10,559 shares during the period. Nordea Investment Management AB grew its position in Copart by 3.5% in the 2nd quarter. Nordea Investment Management AB now owns 753,973 shares of the business services provider’s stock valued at $36,153,000 after buying an additional 25,564 shares in the last quarter. Signal Advisors Wealth LLC increased its stake in Copart by 71.8% during the 2nd quarter. Signal Advisors Wealth LLC now owns 127,035 shares of the business services provider’s stock valued at $6,234,000 after buying an additional 53,099 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Copart by 89.0% during the 2nd quarter. California Public Employees Retirement System now owns 2,548,275 shares of the business services provider’s stock worth $125,044,000 after buying an additional 1,200,035 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CPRT. JPMorgan Chase & Co. decreased their target price on Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. CJS Securities raised shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Robert W. Baird decreased their price target on shares of Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Finally, Barclays reaffirmed an “underweight” rating and issued a $33.00 price target (up previously from $32.00) on shares of Copart in a report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Copart presently has an average rating of “Moderate Buy” and an average price target of $47.60.

Copart Trading Up 3.2%

CPRT stock opened at $41.25 on Friday. Copart, Inc. has a one year low of $37.41 and a one year high of $63.85. The firm has a 50-day moving average of $39.54 and a two-hundred day moving average of $43.94. The firm has a market capitalization of $39.93 billion, a PE ratio of 25.15 and a beta of 1.10.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Copart had a net margin of 34.24% and a return on equity of 17.78%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity

In other news, Director Thomas N. Tryforos sold 100,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total value of $3,907,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.60% of the stock is owned by insiders.

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.