Key Points
- Jeffrey Liaw sold 25,137 shares of Copart on January 15 at an average price of $40.17, generating about $1.01 million and cutting his holding by 30.99% to 55,970 shares (≈$2.25 million).
- Copart (market cap ≈ $39.7B, P/E 25.02) reported quarterly EPS of $0.41 (beat) on $1.16B revenue (slight miss), and analysts have an average rating of "Moderate Buy" with an average price target of $47.60.
Copart, Inc. (NASDAQ:CPRT - Get Free Report) CEO Jeffrey Liaw sold 25,137 shares of the firm's stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $40.17, for a total value of $1,009,753.29. Following the transaction, the chief executive officer directly owned 55,970 shares in the company, valued at approximately $2,248,314.90. The trade was a 30.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Copart Stock Performance
Copart stock opened at $41.04 on Friday. The company has a market capitalization of $39.73 billion, a P/E ratio of 25.02 and a beta of 1.10. Copart, Inc. has a fifty-two week low of $37.41 and a fifty-two week high of $63.85. The stock has a 50-day simple moving average of $39.55 and a 200-day simple moving average of $43.88.
Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (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 for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $0.37 EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CPRT has been the subject of several research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Copart in a research report on Wednesday, October 8th. Robert W. Baird reduced their target price on shares of Copart from $55.00 to $52.00 and set an "outperform" rating for the company in a report on Friday, November 21st. CJS Securities upgraded shares of Copart to a "strong-buy" rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. dropped their price target on Copart from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, November 24th. Finally, Barclays reaffirmed an "underweight" rating and set a $33.00 price objective (up from $32.00) on shares of Copart in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $47.60.
Get Our Latest Report on CPRT
Institutional Trading of Copart
Several hedge funds have recently modified their holdings of CPRT. Brighton Jones LLC raised its position in Copart by 92.1% in the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider's stock worth $816,000 after acquiring an additional 6,817 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Copart by 365.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider's stock worth $63,000 after purchasing an additional 878 shares during the period. Czech National Bank grew its stake in shares of Copart by 6.7% during the 2nd quarter. Czech National Bank now owns 214,894 shares of the business services provider's stock worth $10,545,000 after purchasing an additional 13,505 shares during the period. Aaron Wealth Advisors LLC increased its holdings in shares of Copart by 19.5% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 4,236 shares of the business services provider's stock valued at $208,000 after purchasing an additional 692 shares in the last quarter. Finally, Chesley Taft & Associates LLC lifted its stake in shares of Copart by 7.6% in the second quarter. Chesley Taft & Associates LLC now owns 30,674 shares of the business services provider's stock valued at $1,505,000 after purchasing an additional 2,175 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.
About Copart
(
Get 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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