5,000 Shares in Copart, Inc. $CPRT Purchased by Credit Capital Investments LLC

Credit Capital Investments LLC bought a new stake in Copart, Inc. (NASDAQ:CPRT) during the second quarter, Holdings Channel.com reports. The institutional investor bought 5,000 shares of the business services provider’s stock, valued at approximately $245,000.

Other hedge funds also recently bought and sold shares of the company. Stephens Inc. AR raised its stake in shares of Copart by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock valued at $1,487,000 after acquiring an additional 218 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Copart by 1.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 12,590 shares of the business services provider’s stock worth $712,000 after purchasing an additional 220 shares during the period. Brooklyn Investment Group increased its holdings in Copart by 4.0% in the 1st quarter. Brooklyn Investment Group now owns 5,780 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 223 shares during the last quarter. Allworth Financial LP raised its position in Copart by 0.8% in the second quarter. Allworth Financial LP now owns 28,978 shares of the business services provider’s stock valued at $1,422,000 after purchasing an additional 228 shares during the period. Finally, Blue Trust Inc. lifted its stake in Copart by 15.4% during the second quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock worth $85,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total value of $1,087,635.57. Following the sale, the chief executive officer directly owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.60% of the company’s stock.

Copart Price Performance

CPRT stock opened at $41.28 on Thursday. The business’s 50-day moving average is $44.80 and its two-hundred day moving average is $48.83. The firm has a market capitalization of $39.95 billion, a P/E ratio of 25.80 and a beta of 1.06. Copart, Inc. has a 1 year low of $39.58 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Copart had a net margin of 33.41% and a return on equity of 18.17%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. HSBC set a $62.00 price objective on Copart and gave the company a “buy” rating in a report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Stephens reduced their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Robert W. Baird cut their target price on shares of Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.00.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.