Signal Advisors Wealth LLC Acquires 24,811 Shares of Copart, Inc. $CPRT

Signal Advisors Wealth LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,975 shares of the business services provider’s stock after acquiring an additional 24,811 shares during the period. Signal Advisors Wealth LLC’s holdings in Copart were worth $9,121,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. First Merchants Corp grew its holdings in shares of Copart by 1.8% during the 4th quarter. First Merchants Corp now owns 131,153 shares of the business services provider’s stock valued at $5,135,000 after purchasing an additional 2,373 shares during the last quarter. Czech National Bank lifted its stake in Copart by 3.9% in the 4th quarter. Czech National Bank now owns 234,846 shares of the business services provider’s stock valued at $9,194,000 after purchasing an additional 8,912 shares during the last quarter. Curated Wealth Partners LLC acquired a new stake in Copart in the fourth quarter valued at approximately $285,000. JGP Wealth Management LLC boosted its position in Copart by 12.7% in the fourth quarter. JGP Wealth Management LLC now owns 22,845 shares of the business services provider’s stock valued at $894,000 after buying an additional 2,583 shares in the last quarter. Finally, Avanza Fonder AB grew its stake in shares of Copart by 38.6% during the fourth quarter. Avanza Fonder AB now owns 88,498 shares of the business services provider’s stock worth $3,465,000 after buying an additional 24,646 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $33.08 on Thursday. Copart, Inc. has a 52 week low of $32.20 and a 52 week high of $63.85. The firm has a market cap of $31.87 billion, a PE ratio of 20.68 and a beta of 1.09. The firm’s fifty day moving average is $37.74 and its 200-day moving average is $40.56.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Copart had a net margin of 33.76% and a return on equity of 16.68%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. Sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 25,137 shares of Copart stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total value of $1,009,753.29. Following the transaction, the chief executive officer directly owned 55,970 shares of the company’s stock, valued at $2,248,314.90. The trade was a 30.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.60% of the company’s stock.

Analysts Set New Price Targets

CPRT has been the subject of several research analyst reports. Robert W. Baird set a $48.00 price target on shares of Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Copart in a report on Monday. Zacks Research cut Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. CJS Securities upgraded Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Barclays restated an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.40.

Copart 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.