Copart, Inc. $CPRT Shares Bought by Invesco Ltd.

Invesco Ltd. grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,160,298 shares of the business services provider’s stock after acquiring an additional 670,061 shares during the quarter. Invesco Ltd. owned about 1.05% of Copart worth $498,566,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. GC Wealth Management RIA LLC purchased a new stake in shares of Copart in the 2nd quarter valued at $219,000. Shell Asset Management Co. grew its position in Copart by 6.7% during the 2nd quarter. Shell Asset Management Co. now owns 167,910 shares of the business services provider’s stock worth $8,239,000 after purchasing an additional 10,559 shares during the period. Nordea Investment Management AB raised its stake in shares of Copart by 3.5% during the 2nd quarter. Nordea Investment Management AB now owns 753,973 shares of the business services provider’s stock valued at $36,153,000 after buying an additional 25,564 shares during the last quarter. Signal Advisors Wealth LLC lifted its holdings in shares of Copart by 71.8% in the 2nd quarter. Signal Advisors Wealth LLC now owns 127,035 shares of the business services provider’s stock valued at $6,234,000 after buying an additional 53,099 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Copart by 15.9% during the first quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock worth $868,417,000 after acquiring an additional 2,106,656 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the 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 owned 31,332 shares in the company, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 100,000 shares of Copart stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total value of $3,907,000.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 353,123 shares of company stock worth $15,873,689. 9.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Stephens cut their price objective on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Barclays reissued an “underweight” rating and set a $33.00 target price (up from $32.00) on shares of Copart in a research note on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.60.

Copart Trading Down 0.1%

Shares of Copart stock opened at $38.80 on Friday. Copart, Inc. has a twelve month low of $38.61 and a twelve month high of $63.85. The firm has a market capitalization of $37.56 billion, a PE ratio of 23.66 and a beta of 1.12. The firm’s 50-day moving average price is $42.49 and its 200 day moving average price is $46.51.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Copart had a return on equity of 17.78% and a net margin of 34.24%.The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 earnings per share. On average, sell-side analysts predict that Copart, Inc. will post 1.57 EPS 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.