S&A Financial Services Inc. Buys Shares of 76,208 Copart, Inc. $CPRT

S&A Financial Services Inc. purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 76,208 shares of the business services provider’s stock, valued at approximately $2,530,000. Copart accounts for approximately 1.7% of S&A Financial Services Inc.’s investment portfolio, making the stock its 17th biggest position.

A number of other large investors have also made changes to their positions in CPRT. Quadrant Capital Group LLC boosted its holdings in Copart by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after buying an additional 264 shares in the last quarter. Sierra Legacy Group increased its holdings in Copart by 1.9% in the fourth quarter. Sierra Legacy Group now owns 13,880 shares of the business services provider’s stock valued at $543,000 after buying an additional 265 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Copart by 23.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock valued at $68,000 after buying an additional 266 shares in the last quarter. Brown Miller Wealth Management LLC lifted its position in shares of Copart by 3.8% during the 4th quarter. Brown Miller Wealth Management LLC now owns 7,310 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 268 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in shares of Copart by 4.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 282 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CPRT. Freedom Capital upgraded Copart to a “strong-buy” rating in a report on Friday, June 26th. Jefferies Financial Group set a $45.00 price objective on Copart in a report on Friday, May 22nd. Barclays set a $26.00 target price on Copart and gave the company an “underweight” rating in a report on Tuesday, July 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a research report on Wednesday. Finally, Zacks Research downgraded Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.50.

Insiders Place Their Bets

In other news, CEO Jeffrey Liaw sold 27,745 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the transaction, the chief executive officer directly owned 99,641 shares of the company’s stock, valued at $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 9.60% of the company’s stock.

Copart Price Performance

Shares of CPRT opened at $29.12 on Monday. The firm has a 50 day simple moving average of $29.82 and a 200-day simple moving average of $33.72. Copart, Inc. has a 1-year low of $26.81 and a 1-year high of $50.11. The stock has a market cap of $26.96 billion, a price-to-earnings ratio of 18.09 and a beta of 1.02.

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

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.