Evergreen Private Wealth LLC Sells 479 Shares of Copart, Inc. $CPRT

Evergreen Private Wealth LLC lowered its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 17.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,269 shares of the business services provider’s stock after selling 479 shares during the period. Evergreen Private Wealth LLC’s holdings in Copart were worth $111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MBE Wealth Management LLC grew its holdings in Copart by 10.0% during the second quarter. MBE Wealth Management LLC now owns 6,939 shares of the business services provider’s stock worth $340,000 after purchasing an additional 633 shares during the period. PineStone Asset Management Inc. grew its holdings in Copart by 56.4% during the second quarter. PineStone Asset Management Inc. now owns 6,407,471 shares of the business services provider’s stock worth $314,415,000 after purchasing an additional 2,310,067 shares during the period. Maridea Wealth Management LLC bought a new position in Copart during the second quarter worth about $213,000. Clarus Group Inc. grew its holdings in Copart by 2.8% during the second quarter. Clarus Group Inc. now owns 11,335 shares of the business services provider’s stock worth $556,000 after purchasing an additional 310 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Copart by 7.0% during the second quarter. Public Employees Retirement System of Ohio now owns 390,140 shares of the business services provider’s stock worth $19,144,000 after purchasing an additional 25,470 shares during the period. Institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In other Copart news, Director Thomas N. Tryforos sold 228,840 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Liaw sold 24,088 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the transaction, the chief executive officer owned 31,527 shares of the company’s stock, valued at approximately $1,463,798.61. This represents a 43.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

CPRT has been the subject of a number of research analyst reports. Stephens reduced their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. HSBC set a $62.00 price objective on Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Finally, Robert W. Baird reduced their price objective on Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Copart Trading Down 1.1%

Shares of CPRT stock opened at $44.89 on Friday. The stock has a market cap of $43.41 billion, a P/E ratio of 28.06 and a beta of 1.03. The stock has a 50 day simple moving average of $47.15 and a 200 day simple moving average of $51.97. Copart, Inc. has a 1 year low of $44.67 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. Analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Copart Company 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.