Copart, Inc. $CPRT Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,251,232 shares of the business services provider’s stock after selling 84,597 shares during the quarter. Bank of Montreal Can’s holdings in Copart were worth $61,398,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Atticus Wealth Management LLC acquired a new position in shares of Copart in the 2nd quarter worth approximately $31,000. Creekmur Asset Management LLC grew its position in shares of Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after acquiring an additional 574 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Copart in the 2nd quarter worth approximately $31,000. Accent Capital Management LLC acquired a new position in shares of Copart in the 1st quarter worth approximately $36,000. Finally, Bank of Jackson Hole Trust grew its position in shares of Copart by 83.8% in the 2nd quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock worth $36,000 after acquiring an additional 335 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total value of $1,087,635.57. Following the completion of the transaction, the chief executive officer owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Stephens decreased their target price on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. Robert W. Baird decreased their target price on 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 set a $62.00 price target on Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.50.

Copart Trading Down 0.3%

Shares of NASDAQ CPRT opened at $42.85 on Wednesday. The company has a market cap of $41.47 billion, a price-to-earnings ratio of 26.78 and a beta of 1.03. Copart, Inc. has a 12-month low of $41.96 and a 12-month high of $64.38. The stock’s 50 day simple moving average is $45.70 and its 200 day simple moving average is $49.57.

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