Atwater Malick LLC Has $2.48 Million Stock Holdings in Copart, Inc. $CPRT

Atwater Malick LLC raised its stake in Copart, Inc. (NASDAQ:CPRT) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,591 shares of the business services provider’s stock after buying an additional 2,545 shares during the quarter. Copart accounts for about 0.8% of Atwater Malick LLC’s holdings, making the stock its 28th biggest position. Atwater Malick LLC’s holdings in Copart were worth $2,482,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CPRT. Cloud Capital Management LLC bought a new stake in Copart in the first quarter worth approximately $26,000. Atticus Wealth Management LLC bought a new stake in Copart in the second quarter worth approximately $31,000. Accent Capital Management LLC bought a new stake in Copart in the first quarter worth approximately $36,000. Financial Network Wealth Advisors LLC grew its position in Copart by 152.6% in the first quarter. Financial Network Wealth Advisors LLC now owns 783 shares of the business services provider’s stock worth $44,000 after acquiring an additional 473 shares in the last quarter. Finally, SouthState Corp bought a new stake in Copart in the first quarter worth approximately $45,000. 85.78% of the stock is owned by institutional investors.

Copart Price Performance

Shares of Copart stock opened at $44.57 on Friday. Copart, Inc. has a fifty-two week low of $44.23 and a fifty-two week high of $64.38. The firm has a fifty day moving average price of $47.00 and a two-hundred day moving average price of $51.69. The company has a market cap of $43.13 billion, a PE ratio of 27.86 and a beta of 1.03.

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

Insiders Place Their Bets

In other Copart news, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Liaw sold 24,088 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares of the company’s stock, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Robert W. Baird decreased their target price on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Stephens decreased their target price on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. HSBC set a $62.00 price objective on shares of Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Finally, Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Copart Company Profile

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.