Hixon Zuercher LLC lifted its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 45.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,672 shares of the business services provider’s stock after purchasing an additional 37,255 shares during the quarter. Copart comprises 1.2% of Hixon Zuercher LLC’s holdings, making the stock its 29th largest position. Hixon Zuercher LLC’s holdings in Copart were worth $3,940,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cache Advisors LLC acquired a new stake in shares of Copart in the first quarter worth $31,000. Western Pacific Wealth Management LP lifted its position in Copart by 13.8% during the first quarter. Western Pacific Wealth Management LP now owns 2,646 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 320 shares during the period. Krilogy Financial LLC boosted its holdings in Copart by 151.1% in the first quarter. Krilogy Financial LLC now owns 17,505 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 10,535 shares during the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in Copart in the first quarter valued at $1,162,000. Finally, Weybosset Research & Management LLC grew its position in Copart by 4.3% during the 1st quarter. Weybosset Research & Management LLC now owns 636,508 shares of the business services provider’s stock worth $21,132,000 after purchasing an additional 26,348 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.
Insider Transactions at Copart
In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total transaction of $869,747.34. Following the transaction, the chief executive officer directly owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This trade represents a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.60% of the stock is currently owned by insiders.
Copart Trading Up 0.4%
Copart (NASDAQ:CPRT – Get Free Report) last announced its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) 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 firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Copart, Inc. will post 1.58 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. Finally, Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.50.
Read Our Latest Stock Report on Copart
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.
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