Copart, Inc. $CPRT Shares Acquired by Threadgill Financial LLC

Threadgill Financial LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 173,884 shares of the business services provider’s stock after acquiring an additional 14,915 shares during the quarter. Copart accounts for 3.8% of Threadgill Financial LLC’s investment portfolio, making the stock its 8th largest position. Threadgill Financial LLC’s holdings in Copart were worth $7,820,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Copart by 92.1% during the 4th 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. Dimensional Fund Advisors LP lifted its position in shares of Copart by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,939,813 shares of the business services provider’s stock worth $166,315,000 after purchasing an additional 187,848 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Copart by 3.9% in the first quarter. Raymond James Financial Inc. now owns 1,252,297 shares of the business services provider’s stock valued at $70,867,000 after purchasing an additional 47,176 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in shares of Copart by 256.6% in the first quarter. Northwest & Ethical Investments L.P. now owns 18,788 shares of the business services provider’s stock valued at $1,062,000 after purchasing an additional 13,520 shares in the last quarter. Finally, Algert Global LLC increased its stake in Copart by 122.6% during the 1st quarter. Algert Global LLC now owns 11,185 shares of the business services provider’s stock worth $633,000 after buying an additional 6,160 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CPRT. Stephens decreased their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Barclays reissued an “underweight” rating and set a $33.00 target price (up from $32.00) on shares of Copart in a research note on Friday, November 21st. HSBC set a $62.00 price target on Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Finally, CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Copart currently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 100,000 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total value of $1,087,635.57. Following the transaction, the chief executive officer directly owned 31,332 shares in the company, valued at approximately $1,403,360.28. This trade represents a 43.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.60% of the stock is currently owned by insiders.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $39.15 on Wednesday. The stock’s 50-day simple moving average is $41.53 and its 200-day simple moving average is $45.40. The firm has a market capitalization of $37.90 billion, a PE ratio of 23.87 and a beta of 1.12. Copart, Inc. has a fifty-two week low of $38.18 and a fifty-two week high of $63.85.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Copart had a net margin of 34.24% and a return on equity of 17.78%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.