Marks Group Wealth Management Inc Has $3.62 Million Holdings in Copart, Inc. $CPRT

Marks Group Wealth Management Inc decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 28.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,179 shares of the business services provider’s stock after selling 44,398 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Copart were worth $3,625,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Copart during the 1st quarter worth approximately $312,000. Mill Capital Management LLC increased its stake in Copart by 1.1% in the first quarter. Mill Capital Management LLC now owns 449,887 shares of the business services provider’s stock valued at $14,936,000 after acquiring an additional 5,002 shares during the last quarter. Checchi Capital Advisers LLC bought a new position in Copart in the first quarter valued at approximately $231,000. Mcdonald Capital Investors Inc. CA raised its position in Copart by 15.1% during the first quarter. Mcdonald Capital Investors Inc. CA now owns 1,708,574 shares of the business services provider’s stock valued at $56,725,000 after purchasing an additional 224,775 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in Copart by 125.4% during the first quarter. Bleakley Financial Group LLC now owns 45,915 shares of the business services provider’s stock valued at $1,524,000 after purchasing an additional 25,546 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CPRT. Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. Freedom Capital raised Copart to a “strong-buy” rating in a report on Friday, June 26th. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.50.

Copart Trading Down 0.9%

Shares of CPRT stock opened at $27.28 on Thursday. Copart, Inc. has a 12 month low of $27.23 and a 12 month high of $50.11. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of 16.94 and a beta of 1.02. The business’s 50-day moving average price is $30.96 and its 200-day moving average price is $34.61.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Copart had a net margin of 33.48% and a return on equity of 16.63%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. On average, sell-side analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Copart Company Profile

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.