United Capital Financial Advisors LLC Acquires Shares of 414,369 Copart, Inc. $CPRT

United Capital Financial Advisors LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the second quarter, HoldingsChannel.com reports. The fund acquired 414,369 shares of the business services provider’s stock, valued at approximately $11,681,000.

A number of other large investors have also modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in shares of Copart by 14.0% during the first quarter. Janney Montgomery Scott LLC now owns 333,624 shares of the business services provider’s stock valued at $11,076,000 after acquiring an additional 41,060 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Copart by 6.4% during the second quarter. Handelsbanken Fonder AB now owns 578,452 shares of the business services provider’s stock worth $16,307,000 after purchasing an additional 34,855 shares during the last quarter. Mill Capital Management LLC acquired a new position in Copart in the second quarter worth $12,711,000. Focus Partners Advisor Solutions LLC acquired a new position in Copart in the second quarter worth $1,298,000. Finally, Barbara Oil Co. bought a new stake in Copart during the second quarter valued at $1,585,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $32.76 on Friday. Copart, Inc. has a 1 year low of $26.81 and a 1 year high of $50.11. The stock has a fifty day moving average price of $29.72 and a two-hundred day moving average price of $32.47. The firm has a market cap of $30.33 billion, a P/E ratio of 20.35 and a beta of 1.01.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 27,745 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the transaction, the chief executive officer owned 99,641 shares in the company, valued at $3,038,054.09. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPRT has been the subject of several research reports. Stephens reaffirmed an “equal weight” rating and issued a $35.00 price target on shares of Copart in a report on Thursday, August 20th. Jefferies Financial Group set a $45.00 target price on Copart in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Zacks Research cut Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Freedom Capital raised Copart to a “strong-buy” rating in a report on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Copart presently has a consensus rating of “Hold” and an average price target of $41.50.

Copart 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.