Profund Advisors LLC Sells 4,435 Shares of Copart, Inc. $CPRT

Profund Advisors LLC reduced its position in Copart, Inc. (NASDAQ:CPRT) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,856 shares of the business services provider’s stock after selling 4,435 shares during the quarter. Profund Advisors LLC’s holdings in Copart were worth $5,832,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CPRT. GC Wealth Management RIA LLC bought a new stake in Copart in the 2nd quarter worth about $219,000. Nordea Investment Management AB raised its holdings in Copart by 3.5% during the second quarter. Nordea Investment Management AB now owns 753,973 shares of the business services provider’s stock valued at $36,153,000 after acquiring an additional 25,564 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Copart by 15.9% in the first quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock worth $868,417,000 after buying an additional 2,106,656 shares in the last quarter. Peak Financial Advisors LLC bought a new position in shares of Copart during the 2nd quarter valued at approximately $2,467,000. Finally, Diversify Advisory Services LLC raised its stake in Copart by 151.5% during the first quarter. Diversify Advisory Services LLC now owns 14,846 shares of the business services provider’s stock valued at $898,000 after purchasing an additional 8,943 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $40.51 on Monday. The firm has a market cap of $39.21 billion, a PE ratio of 25.32 and a beta of 1.06. Copart, Inc. has a one year low of $39.58 and a one year high of $64.38. The firm has a fifty day moving average of $45.23 and a 200 day moving average of $49.16.

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

Insider Transactions at Copart

In other news, CEO Jeffrey Liaw sold 24,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CPRT has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. HSBC set a $62.00 price objective on Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Robert W. Baird cut their target price on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Finally, Stephens lowered their price target on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Copart currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Copart 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.