124,000 Shares in Copart, Inc. $CPRT Acquired by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,000 shares of the business services provider’s stock, valued at approximately $3,496,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in Copart by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after acquiring an additional 264 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Copart by 23.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock valued at $68,000 after buying an additional 266 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Copart by 4.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 282 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Copart by 11.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock worth $109,000 after buying an additional 288 shares during the period. Finally, American Trust grew its holdings in Copart by 2.1% in the third quarter. American Trust now owns 14,230 shares of the business services provider’s stock worth $640,000 after purchasing an additional 295 shares during the period. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

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

Copart Price Performance

Copart stock opened at $34.33 on Friday. The firm has a market capitalization of $31.78 billion, a P/E ratio of 21.32 and a beta of 1.01. Copart, Inc. has a one year low of $26.81 and a one year high of $50.11. The business has a fifty day moving average price of $29.43 and a 200-day moving average price of $32.70.

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

Analyst Upgrades and Downgrades

CPRT has been the subject of several recent research reports. Freedom Capital upgraded Copart to a “strong-buy” rating in a report on Friday, June 26th. Jefferies Financial Group set a $45.00 price objective on Copart in a research note on Friday, May 22nd. Barclays set a $26.00 target price on Copart and gave the company an “underweight” rating in a report on Tuesday, July 21st. Stephens reissued an “equal weight” rating and issued a $35.00 price objective on shares of Copart in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Copart presently has an average rating of “Hold” and an average target price of $41.67.

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.