Copart, Inc. $CPRT Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,181,319 shares of the business services provider’s stock after selling 39,094 shares during the period. TD Asset Management Inc’s holdings in Copart were worth $163,699,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lodestone Wealth Management LLC acquired a new position in shares of Copart during the fourth quarter valued at $25,000. Cornerstone Planning Group LLC boosted its stake in Copart by 54.0% during the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock valued at $31,000 after buying an additional 256 shares in the last quarter. Aventura Private Wealth LLC bought a new position in Copart during the fourth quarter valued at about $33,000. Board of the Pension Protection Fund bought a new position in Copart during the fourth quarter valued at about $35,000. Finally, FNY Investment Advisers LLC bought a new position in Copart during the third quarter valued at about $36,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Up 1.4%

NASDAQ:CPRT opened at $30.77 on Friday. Copart, Inc. has a 1-year low of $29.97 and a 1-year high of $50.92. The firm has a market capitalization of $28.49 billion, a price-to-earnings ratio of 19.11 and a beta of 1.00. The stock has a fifty day simple moving average of $33.07 and a 200 day simple moving average of $36.59.

Copart (NASDAQ:CPRTGet Free Report) last released its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $0.42 EPS. Copart’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Copart, Inc. will post 1.58 earnings per share for the current year.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the transaction, the chief executive officer owned 79,532 shares in the company, valued at $2,638,871.76. This trade represents a 24.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CPRT has been the subject of several research reports. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. decreased their target price on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Barclays reaffirmed an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Jefferies Financial Group set a $45.00 target price on Copart in a research note on Friday, May 22nd. Finally, Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Copart currently has an average rating of “Hold” and a consensus price target of $44.50.

Check Out Our Latest Research Report on CPRT

Copart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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