LaFleur & Godfrey LLC Sells 2,450 Shares of Copart, Inc. (NASDAQ:CPRT)

LaFleur & Godfrey LLC lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,741 shares of the business services provider’s stock after selling 2,450 shares during the period. Copart accounts for 1.7% of LaFleur & Godfrey LLC’s portfolio, making the stock its 21st largest holding. LaFleur & Godfrey LLC’s holdings in Copart were worth $12,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Davidson Kahn Capital Management LLC raised its position in Copart by 12.1% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 44,358 shares of the business services provider’s stock worth $2,510,000 after purchasing an additional 4,784 shares during the last quarter. Legacy Advisors LLC raised its position in Copart by 21.1% in the 1st quarter. Legacy Advisors LLC now owns 36,130 shares of the business services provider’s stock worth $2,045,000 after purchasing an additional 6,298 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Copart by 6.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 452,904 shares of the business services provider’s stock worth $25,630,000 after purchasing an additional 29,213 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in Copart in the 1st quarter worth approximately $463,000. Finally, Duncker Streett & Co. Inc. raised its position in Copart by 0.8% in the 1st quarter. Duncker Streett & Co. Inc. now owns 140,293 shares of the business services provider’s stock worth $7,939,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CPRT. Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. JPMorgan Chase & Co. lowered their target price on shares of Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 23rd.

Insiders Place Their Bets

In other Copart news, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.68% of the company’s stock.

Copart Stock Performance

CPRT opened at $47.72 on Tuesday. The company has a fifty day moving average price of $56.34 and a two-hundred day moving average price of $56.82. Copart, Inc. has a 52 week low of $47.33 and a 52 week high of $64.38. The firm has a market capitalization of $46.14 billion, a PE ratio of 31.39 and a beta of 1.10.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Copart had a net margin of 32.21% and a return on equity of 18.20%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

About Copart

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.