Rockefeller Capital Management L.P. Buys 6,645 Shares of Copart, Inc. $CPRT

Rockefeller Capital Management L.P. lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 8.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 84,176 shares of the business services provider’s stock after acquiring an additional 6,645 shares during the period. Rockefeller Capital Management L.P.’s holdings in Copart were worth $4,131,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CPRT. Atticus Wealth Management LLC purchased a new stake in Copart during the second quarter valued at about $31,000. Creekmur Asset Management LLC increased its position in shares of 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. Ameritas Advisory Services LLC bought a new position in shares of Copart during the 2nd quarter valued at about $31,000. Accent Capital Management LLC purchased a new position in shares of Copart during the 1st quarter valued at about $36,000. Finally, Bank of Jackson Hole Trust lifted its position in 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 buying an additional 335 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Activity

In other 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 of the company’s stock, valued at approximately $1,403,360.28. This trade represents a 43.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The SEC filing for this sale provides additional information. Company insiders own 9.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPRT. Stephens reduced their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Barclays reiterated an “underweight” rating and issued a $33.00 target price (up previously from $32.00) on shares of Copart in a research report on Friday. Robert W. Baird cut their price target on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday. Finally, HSBC set a $62.00 price objective on Copart and gave the company a “buy” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $49.60.

Copart Stock Performance

Shares of CPRT stock opened at $40.73 on Friday. Copart, Inc. has a fifty-two week low of $39.38 and a fifty-two week high of $64.38. The firm has a market cap of $39.42 billion, a P/E ratio of 25.46 and a beta of 1.06. The business’s 50 day moving average price is $43.75 and its 200-day moving average price is $47.96.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.18 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The firm’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, equities analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

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.