Brighton Jones LLC Purchases 1,915 Shares of Copart, Inc. $CPRT

Brighton Jones LLC boosted its position in Copart, Inc. (NASDAQ:CPRT) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,644 shares of the business services provider’s stock after acquiring an additional 1,915 shares during the quarter. Brighton Jones LLC’s holdings in Copart were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CPRT. Cambridge Investment Research Advisors Inc. increased its stake in Copart by 1.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,558 shares of the business services provider’s stock valued at $1,729,000 after acquiring an additional 509 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Copart by 5.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 301,232 shares of the business services provider’s stock valued at $17,233,000 after buying an additional 16,139 shares during the last quarter. Amalgamated Bank grew its stake in shares of Copart by 1.6% during the first quarter. Amalgamated Bank now owns 190,744 shares of the business services provider’s stock valued at $10,794,000 after buying an additional 2,913 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its stake in shares of Copart by 0.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 61,721 shares of the business services provider’s stock valued at $3,493,000 after buying an additional 432 shares during the last quarter. Finally, Hixon Zuercher LLC grew its stake in shares of Copart by 2.6% during the first quarter. Hixon Zuercher LLC now owns 73,235 shares of the business services provider’s stock valued at $4,144,000 after buying an additional 1,869 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.2%

Copart stock opened at $44.07 on Wednesday. The firm has a 50-day moving average of $46.25 and a 200-day moving average of $50.24. The firm has a market cap of $42.65 billion, a P/E ratio of 27.54 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 posted its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Copart had a net margin of 33.41% and a return on equity of 18.17%. Copart’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total value of $1,087,635.57. Following the completion of the sale, the chief executive officer directly owned 31,332 shares in the company, valued at $1,403,360.28. This trade represents a 43.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale is available in the SEC filing. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CPRT. Robert W. Baird reduced their price objective on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. HSBC set a $62.00 price objective on Copart and gave the company a “buy” rating in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Finally, Stephens reduced their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Copart presently has an average rating of “Moderate Buy” and an average price target of $54.50.

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.