Copart (NASDAQ:CPRT) CEO Sells $1,009,753.29 in Stock

Copart, Inc. (NASDAQ:CPRT) CEO Jeffrey Liaw sold 25,137 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the sale, the chief executive officer owned 55,970 shares in the company, valued at $2,248,314.90. This represents a 30.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Copart Stock Performance

Shares of CPRT traded down $0.26 during mid-day trading on Friday, reaching $41.00. The company had a trading volume of 5,938,373 shares, compared to its average volume of 8,526,881. The company’s 50 day simple moving average is $39.54 and its 200 day simple moving average is $43.94. The company has a market capitalization of $39.68 billion, a price-to-earnings ratio of 25.00 and a beta of 1.10. Copart, Inc. has a 1-year low of $37.41 and a 1-year high of $63.85.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $0.37 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Copart

A number of large investors have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in Copart in the 3rd quarter worth $25,000. Tripletail Wealth Management LLC bought a new position in shares of Copart during the third quarter valued at about $27,000. Atticus Wealth Management LLC purchased a new position in shares of Copart in the second quarter worth about $31,000. Creekmur Asset Management LLC lifted its stake in shares of Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 574 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Copart during the 2nd quarter valued at about $31,000. 85.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. CJS Securities raised shares of Copart to a “strong-buy” rating in a report on Thursday, December 11th. Barclays reissued an “underweight” rating and issued a $33.00 price target (up from $32.00) on shares of Copart in a report on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Robert W. Baird lowered their price objective 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, JPMorgan Chase & Co. reduced their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

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.