Aviva PLC Has $54.17 Million Stock Holdings in Copart, Inc. $CPRT

Aviva PLC increased its position in Copart, Inc. (NASDAQ:CPRT) by 24.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,103,955 shares of the business services provider’s stock after purchasing an additional 217,051 shares during the quarter. Aviva PLC owned approximately 0.11% of Copart worth $54,171,000 as of its most recent SEC filing.

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

Copart Trading Up 1.3%

NASDAQ CPRT opened at $40.51 on Friday. The company has a market cap of $39.21 billion, a price-to-earnings ratio of 25.32 and a beta of 1.06. The company has a 50 day moving average of $45.23 and a 200-day moving average of $49.25. Copart, Inc. has a 1-year low of $39.58 and a 1-year high of $64.38.

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

Wall Street Analysts Forecast Growth

CPRT has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. 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. HSBC set a $62.00 target price on Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Stephens dropped their price target on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Finally, Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.50.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction dated 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 owned 31,332 shares in the company, valued at $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is owned by insiders.

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.