50,946 Copart, Inc. $CPRT Shares Acquired by Perryman Financial Advisory Inc. AD

Perryman Financial Advisory Inc. AD increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 463.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,946 shares of the business services provider’s stock after acquiring an additional 50,946 shares during the period. Perryman Financial Advisory Inc. AD’s holdings in Copart were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Western Pacific Wealth Management LP increased its position in Copart by 13.8% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,646 shares of the business services provider’s stock worth $88,000 after purchasing an additional 320 shares during the last quarter. Alpha Family Trust lifted its holdings in shares of Copart by 3.4% during the 1st quarter. Alpha Family Trust now owns 11,010 shares of the business services provider’s stock valued at $366,000 after buying an additional 360 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Copart by 1.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 28,547 shares of the business services provider’s stock valued at $805,000 after buying an additional 369 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Copart by 110.9% in the 2nd quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $27,000 after buying an additional 498 shares in the last quarter. Finally, Studio Investment Management LLC grew its stake in shares of Copart by 5.5% in the 2nd quarter. Studio Investment Management LLC now owns 10,728 shares of the business services provider’s stock valued at $302,000 after buying an additional 556 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.4%

NASDAQ CPRT traded up $0.12 during trading on Friday, hitting $27.87. 24,458,117 shares of the company traded hands, compared to its average volume of 10,184,003. Copart, Inc. has a 12 month low of $25.72 and a 12 month high of $45.89. The business has a fifty day simple moving average of $30.09 and a 200 day simple moving average of $30.82. The company has a market capitalization of $25.82 billion, a P/E ratio of 17.98, a PEG ratio of 1.36 and a beta of 1.06.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Copart had a return on equity of 15.93% and a net margin of 31.81%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Equities research analysts predict that Copart, Inc. will post 1.63 EPS for the current fiscal year.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer owned 99,641 shares in the company, valued at $3,038,054.09. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 9.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CPRT shares. Freedom Broker cut their price objective on shares of Copart from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. Robert W. Baird reduced their target price on shares of Copart from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, September 11th. HSBC downgraded shares of Copart from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Wednesday, September 16th. BNP Paribas Exane reissued an “outperform” rating and issued a $43.00 target price (up from $40.00) on shares of Copart in a research report on Monday, September 28th. Finally, Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.80.

About Copart

Copart, Inc is a global provider of online vehicle auction and remarketing services. The company primarily sells vehicles that have been damaged, totaled, recovered from theft, or otherwise deemed uneconomical to repair. Its customers include insurance companies, automobile dealers, dismantlers, rebuilders, exporters, rental and finance companies, and members of the general public.

Copart conducts auctions through its online VB3 platform, which connects buyers with vehicles listed at the company’s facilities.