Copart, Inc. $CPRT Shares Sold by Strive Financial Group LLC

Strive Financial Group LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 79.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,644 shares of the business services provider’s stock after selling 29,499 shares during the period. Strive Financial Group LLC’s holdings in Copart were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CPRT. Reflection Asset Management acquired a new position in shares of Copart during the 4th quarter valued at $34,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Copart in the second quarter valued at $25,000. Cache Advisors LLC bought a new position in Copart during the first quarter valued at about $31,000. Versant Capital Management Inc boosted its stake in Copart by 110.9% during the second 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, Triumph Capital Management boosted its stake in Copart by 424.2% during the fourth quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock valued at $40,000 after buying an additional 823 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Up 0.4%

NASDAQ:CPRT opened at $33.72 on Friday. Copart, Inc. has a 1-year low of $26.81 and a 1-year high of $49.16. The firm has a market capitalization of $31.22 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The stock has a fifty day simple moving average of $30.07 and a 200 day simple moving average of $32.26.

Analysts Set New Price Targets

CPRT has been the topic of several research reports. Stephens reiterated an “equal weight” rating and issued a $35.00 price target on shares of Copart in a research report on Thursday, August 20th. JPMorgan Chase & Co. upgraded shares of Copart from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $40.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on shares of Copart in a research note on Thursday. Zacks Research downgraded shares of Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Copart has an average rating of “Hold” and an average target price of $38.83.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were 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 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 filing with the SEC, which is available through this link. Corporate insiders own 9.60% of the company’s stock.

Copart 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.