Cobblestone Capital Advisors LLC NY Purchases 8,122 Shares of Copart, Inc. $CPRT

Cobblestone Capital Advisors LLC NY increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.0% during the second quarter, HoldingsChannel.com reports. The fund owned 409,228 shares of the business services provider’s stock after acquiring an additional 8,122 shares during the period. Copart makes up approximately 1.0% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 26th largest holding. Cobblestone Capital Advisors LLC NY’s holdings in Copart were worth $20,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in Copart during the 1st quarter worth approximately $26,000. Atticus Wealth Management LLC bought a new position in shares of Copart in the 2nd quarter worth $31,000. Ameritas Advisory Services LLC bought a new position in shares of Copart in the 2nd quarter worth $31,000. Accent Capital Management LLC bought a new position in shares of Copart in the 1st quarter worth $36,000. Finally, GFG Capital LLC bought a new position in shares of Copart in the 2nd quarter worth $37,000. Institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HSBC set a $62.00 price target on shares of Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Robert W. Baird decreased their price target on shares of Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a report on Friday. Stephens decreased their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Finally, Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Copart currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

Copart Stock Performance

Shares of Copart stock opened at $44.66 on Monday. Copart, Inc. has a 52-week low of $43.32 and a 52-week high of $64.38. The stock has a market capitalization of $43.22 billion, a price-to-earnings ratio of 27.91 and a beta of 1.03. The company has a fifty day moving average of $46.39 and a 200-day moving average of $50.44.

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. Copart had a net margin of 33.41% and a return on equity of 18.17%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction on Wednesday, October 15th. The shares were 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 of the company’s stock, valued at $1,403,360.28. The trade was a 43.66% decrease in their position. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by corporate insiders.

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.