107,577 Shares of Copart, Inc. $CPRT Purchased by First Nebraska Trust Co

First Nebraska Trust Co acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 107,577 shares of the business services provider’s stock, valued at approximately $2,933,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Copart in the 2nd quarter valued at approximately $1,908,980,000. Bank of New York Mellon Corp acquired a new position in shares of Copart in the second quarter valued at approximately $488,663,000. Deutsche Bank AG acquired a new position in shares of Copart in the second quarter valued at approximately $436,413,000. Bank of America Corp DE increased its holdings in shares of Copart by 28.7% in the first quarter. Bank of America Corp DE now owns 9,706,517 shares of the business services provider’s stock valued at $322,256,000 after purchasing an additional 2,165,708 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Copart by 97.9% during the second quarter. Van ECK Associates Corp now owns 9,059,273 shares of the business services provider’s stock worth $255,381,000 after purchasing an additional 4,482,226 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In related news, Director Diane Morefield sold 20,000 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $27.66, for a total transaction of $553,200.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at $1,383,000. This represents a 28.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.30% of the stock is currently owned by company insiders.

Copart Stock Down 2.7%

Shares of NASDAQ:CPRT opened at $31.06 on Wednesday. The company has a market cap of $28.77 billion, a P/E ratio of 20.04, a PEG ratio of 1.56 and a beta of 1.01. Copart, Inc. has a 52 week low of $25.72 and a 52 week high of $43.38. The company has a 50-day moving average price of $29.48 and a 200 day moving average price of $32.35.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Copart had a return on equity of 15.93% and a net margin of 31.81%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Analysts expect that Copart, Inc. will post 1.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $40.00 price target on Copart in a report on Thursday, September 3rd. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Robert W. Baird dropped their price objective on shares of Copart from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, September 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a research note on Tuesday, October 27th. Finally, BNP Paribas Exane restated an “outperform” rating and set a $43.00 price objective (up from $40.00) on shares of Copart in a research report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.90.

About Copart

Copart, Inc is a provider of online vehicle auction and remarketing services. The company operates a digital marketplace that connects vehicle sellers with a broad network of buyers, including licensed dismantlers, rebuilders, used-car dealers, exporters and individual consumers.

Copart primarily sells vehicles that have been damaged, declared total losses by insurers, repossessed, donated or otherwise designated for resale. Its services also include vehicle storage, transportation, towing coordination, title processing, inspection and auction support.