Wealth Enhancement Advisory Services LLC Sells 301,544 Shares of Copart, Inc. $CPRT

by · The Markets Daily

Wealth Enhancement Advisory Services LLC lessened its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 64.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,348 shares of the business services provider’s stock after selling 301,544 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Copart were worth $7,490,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Tripletail Wealth Management LLC acquired a new position in shares of Copart in the 3rd quarter valued at about $27,000. Ameritas Advisory Services LLC acquired a new position in Copart in the second quarter valued at approximately $31,000. Creekmur Asset Management LLC boosted its holdings in shares of Copart by 1,063.0% during the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after buying an additional 574 shares in the last quarter. Bank of Jackson Hole Trust grew its position in shares of Copart by 83.8% during the 2nd quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock worth $36,000 after buying an additional 335 shares during the period. Finally, GFG Capital LLC bought a new stake in shares of Copart in the 2nd quarter valued at $37,000. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, CEO Jeffrey Liaw sold 25,137 shares of Copart stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $40.17, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. The SEC filing for this sale provides additional information. 9.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CPRT has been the topic of several research analyst reports. CJS Securities raised shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. cut their price objective on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Barclays reaffirmed an “underweight” rating and set a $33.00 price target (up from $32.00) on shares of Copart in a research note on Friday, November 21st. Finally, Robert W. Baird cut their price target on Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Copart presently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

View Our Latest Report on CPRT

Copart Price Performance

CPRT opened at $41.40 on Friday. Copart, Inc. has a fifty-two week low of $37.41 and a fifty-two week high of $63.85. The firm has a market capitalization of $40.08 billion, a PE ratio of 25.24 and a beta of 1.10. The company’s 50-day moving average is $39.53 and its 200 day moving average is $43.57.

Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Copart had a return on equity of 17.78% and a net margin of 34.24%.The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $0.37 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Copart Company 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.

Further Reading

Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Free Report).