Lawson Kroeker Investment Management Inc. NE Boosts Stock Holdings in Copart, Inc. $CPRT

Lawson Kroeker Investment Management Inc. NE lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 271,837 shares of the business services provider’s stock after purchasing an additional 2,422 shares during the period. Copart comprises 2.5% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 11th biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Copart were worth $13,339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Western Pacific Wealth Management LP lifted its holdings in Copart by 6.5% during the first quarter. Western Pacific Wealth Management LP now owns 2,838 shares of the business services provider’s stock worth $161,000 after buying an additional 173 shares during the period. Blue Trust Inc. raised its position in shares of Copart by 13.1% in the 1st quarter. Blue Trust Inc. now owns 1,510 shares of the business services provider’s stock worth $85,000 after acquiring an additional 175 shares in the last quarter. Western Wealth Management LLC lifted its stake in shares of Copart by 4.0% during the 1st quarter. Western Wealth Management LLC now owns 4,985 shares of the business services provider’s stock worth $282,000 after purchasing an additional 192 shares during the last quarter. FSM Wealth Advisors LLC boosted its position in Copart by 4.9% during the first quarter. FSM Wealth Advisors LLC now owns 4,649 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 218 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its position in Copart by 1.6% during the first quarter. Transcend Capital Advisors LLC now owns 13,941 shares of the business services provider’s stock valued at $789,000 after purchasing an additional 220 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPRT. HSBC set a $62.00 target price on shares of Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research note on Wednesday. Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Stephens cut their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Finally, Robert W. Baird reduced their price target on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.50.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey Liaw sold 24,088 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the transaction, the chief executive officer owned 31,527 shares in the company, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their position. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by corporate insiders.

Copart Trading Down 0.4%

NASDAQ CPRT opened at $43.88 on Friday. Copart, Inc. has a 12-month low of $43.71 and a 12-month high of $64.38. The company has a fifty day simple moving average of $46.80 and a two-hundred day simple moving average of $51.26. The stock has a market cap of $42.46 billion, a P/E ratio of 27.43 and a beta of 1.03.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. As a group, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Company 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.