MFA Wealth Advisors LLC Has $1.58 Million Stock Holdings in Copart, Inc. $CPRT

MFA Wealth Advisors LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 40.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,088 shares of the business services provider’s stock after selling 24,095 shares during the period. MFA Wealth Advisors LLC’s holdings in Copart were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Tripletail Wealth Management LLC bought a new position in shares of Copart during the third quarter valued at $27,000. Atticus Wealth Management LLC acquired a new stake in Copart in the second quarter valued at $31,000. Ameritas Advisory Services LLC bought a new position in Copart during the 2nd quarter worth $31,000. Creekmur Asset Management LLC lifted its holdings in Copart by 1,063.0% during the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after buying an additional 574 shares during the period. Finally, Bank of Jackson Hole Trust lifted its holdings in Copart by 83.8% during the 2nd quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock worth $36,000 after buying an additional 335 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Stock Up 0.0%

Copart stock opened at $39.50 on Wednesday. The company has a market capitalization of $38.24 billion, a PE ratio of 24.09 and a beta of 1.12. Copart, Inc. has a 12-month low of $38.18 and a 12-month high of $63.85. The firm’s fifty day moving average is $40.47 and its 200 day moving average is $44.62.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. HSBC set a $62.00 price objective on shares of Copart and gave the company a “buy” rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Barclays restated an “underweight” rating and issued a $33.00 target price (up previously from $32.00) on shares of Copart in a report on Friday, November 21st. Finally, Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Insider Activity at Copart

In related news, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction 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 completion of the sale, the chief executive officer owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This trade represents a 43.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction 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 disclosure for this sale is available in the SEC filing. Insiders own 9.60% of the company’s stock.

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.