Copart, Inc. $CPRT Shares Sold by McBroom & Associates LLC

McBroom & Associates LLC lessened its position in shares of Copart, Inc. (NASDAQ:CPRT) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 141,737 shares of the business services provider’s stock after selling 15,369 shares during the quarter. Copart comprises approximately 3.0% of McBroom & Associates LLC’s portfolio, making the stock its 17th largest position. McBroom & Associates LLC’s holdings in Copart were worth $6,374,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Evergreen Capital Management LLC boosted its position in shares of Copart by 3.7% during the third quarter. Evergreen Capital Management LLC now owns 15,173 shares of the business services provider’s stock worth $682,000 after buying an additional 542 shares during the period. YCG LLC boosted its stake in shares of Copart by 10.3% in the 3rd quarter. YCG LLC now owns 1,293,787 shares of the business services provider’s stock valued at $58,182,000 after buying an additional 120,377 shares during the period. NBT Bank N A NY grew its position in shares of Copart by 26.3% during the third quarter. NBT Bank N A NY now owns 29,695 shares of the business services provider’s stock worth $1,335,000 after buying an additional 6,175 shares in the last quarter. Pembroke Management LTD purchased a new stake in shares of Copart during the third quarter worth approximately $232,000. Finally, Harbour Trust & Investment Management Co lifted its position in shares of Copart by 185.6% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 191,537 shares of the business services provider’s stock worth $8,613,000 after buying an additional 124,480 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.5%

Shares of NASDAQ:CPRT opened at $41.04 on Friday. The company has a 50 day moving average of $39.55 and a two-hundred day moving average of $43.84. The company has a market capitalization of $39.73 billion, a price-to-earnings ratio of 25.02 and a beta of 1.10. Copart, Inc. has a 52-week low of $37.41 and a 52-week high of $63.85.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 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 business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other news, CEO Jeffrey Liaw sold 25,137 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $3,907,000.00. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CPRT. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. CJS Securities raised Copart to a “strong-buy” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. decreased their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Robert W. Baird decreased their price objective on shares of Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Finally, Barclays reissued an “underweight” rating and set a $33.00 price target (up previously from $32.00) on shares of Copart in a research note on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.60.

About Copart

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.