Blue Trust Inc. Has $85,000 Stock Position in Copart, Inc. $CPRT

Blue Trust Inc. grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,742 shares of the business services provider’s stock after acquiring an additional 232 shares during the period. Blue Trust Inc.’s holdings in Copart were worth $85,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Baskin Financial Services Inc. lifted its position in Copart by 1.3% during the second quarter. Baskin Financial Services Inc. now owns 765,938 shares of the business services provider’s stock worth $37,584,000 after acquiring an additional 9,575 shares during the last quarter. Callan Family Office LLC lifted its position in Copart by 281.5% during the second quarter. Callan Family Office LLC now owns 23,978 shares of the business services provider’s stock worth $1,177,000 after acquiring an additional 17,692 shares during the last quarter. GFG Capital LLC acquired a new stake in Copart during the second quarter worth approximately $37,000. Maryland State Retirement & Pension System lifted its position in Copart by 5.4% during the second quarter. Maryland State Retirement & Pension System now owns 42,980 shares of the business services provider’s stock worth $2,109,000 after acquiring an additional 2,203 shares during the last quarter. Finally, First Merchants Corp lifted its position in Copart by 0.9% during the second quarter. First Merchants Corp now owns 128,237 shares of the business services provider’s stock worth $6,293,000 after acquiring an additional 1,121 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPRT has been the subject of several research reports. Stephens cut their price objective on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. HSBC set a $62.00 price target on shares of Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Robert W. Baird dropped their price target on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Finally, Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Insider Buying and Selling

In related news, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the sale, the chief executive officer directly owned 31,332 shares in the company, valued at approximately $1,403,360.28. The trade was a 43.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $44.34 on Friday. The company’s 50 day simple moving average is $46.61 and its 200 day simple moving average is $50.89. The stock has a market capitalization of $42.91 billion, a price-to-earnings ratio of 27.71 and a beta of 1.03. Copart, Inc. has a 1 year low of $43.32 and a 1 year high of $64.38.

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

Copart 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.