One Wealth Advisors LLC Takes $734,000 Position in Copart, Inc. $CPRT

One Wealth Advisors LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the second quarter, HoldingsChannel reports. The fund bought 26,054 shares of the business services provider’s stock, valued at approximately $734,000.

A number of other institutional investors have also modified their holdings of CPRT. Oppenheimer Asset Management Inc. acquired a new position in shares of Copart in the 2nd quarter valued at $3,950,000. Mill Capital Management LLC acquired a new stake in Copart during the 2nd quarter worth $12,711,000. Hardy Reed LLC purchased a new position in Copart during the 2nd quarter worth $242,000. Regent Peak Wealth Advisors LLC purchased a new position in Copart during the 2nd quarter worth $206,000. Finally, Tema ETFs LLC increased its stake in Copart by 57.1% in the second quarter. Tema ETFs LLC now owns 19,692 shares of the business services provider’s stock valued at $555,000 after purchasing an additional 7,154 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays set a $26.00 target price on shares of Copart and gave the company an “underweight” rating in a report on Tuesday, July 21st. Freedom Capital raised Copart to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Jefferies Financial Group set a $45.00 price objective on Copart in a research note on Friday, May 22nd. Finally, Zacks Research cut Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.50.

Insider Activity

In other news, CEO Jeffrey Liaw sold 27,745 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer directly owned 99,641 shares in the company, valued at $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.60% of the stock is currently owned by company insiders.

Copart Stock Performance

Shares of CPRT opened at $31.61 on Friday. The stock has a market capitalization of $29.26 billion, a P/E ratio of 19.63 and a beta of 1.01. The company’s fifty day moving average is $29.30 and its two-hundred day moving average is $32.98. Copart, Inc. has a 1 year low of $26.81 and a 1 year high of $50.11.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Copart had a net margin of 33.48% and a return on equity of 16.63%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $0.42 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts predict that Copart, Inc. will post 1.58 EPS for the current year.

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.