144,543 Shares in Copart, Inc. $CPRT Bought by Midwest Trust Co

Midwest Trust Co acquired a new position in Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 144,543 shares of the business services provider’s stock, valued at approximately $7,093,000.

Several other institutional investors also recently made changes to their positions in the stock. Atticus Wealth Management LLC purchased a new position in shares of Copart in the 2nd quarter valued at about $31,000. Creekmur Asset Management LLC boosted its holdings in Copart by 1,063.0% during the second quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after buying an additional 574 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Copart during the second quarter worth about $31,000. Accent Capital Management LLC purchased a new position in Copart in the first quarter valued at about $36,000. Finally, Bank of Jackson Hole Trust lifted its position in shares of Copart by 83.8% during the 2nd quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 335 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPRT has been the topic of a number of research reports. HSBC set a $62.00 price target on Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Robert W. Baird lowered their target price on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, July 17th. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Stephens decreased their price objective on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Copart Stock Up 1.3%

Shares of NASDAQ:CPRT opened at $40.51 on Monday. The company has a market capitalization of $39.21 billion, a P/E ratio of 25.32 and a beta of 1.06. Copart, Inc. has a 52-week low of $39.58 and a 52-week high of $64.38. The stock’s fifty day simple moving average is $45.23 and its 200-day simple moving average is $49.16.

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 during the quarter, compared to analysts’ expectations of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.60% of the company’s stock.

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.