Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 13.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,844 shares of the business services provider’s stock after acquiring an additional 14,086 shares during the period. Copart comprises approximately 1.9% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 15th largest position. Blue Zone Wealth Advisors LLC’s holdings in Copart were worth $6,669,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sandy Spring Bank lifted its position in shares of Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Copart in the fourth quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Copart in the fourth quarter valued at $45,000. Versant Capital Management Inc raised its holdings in shares of Copart by 1,567.9% in the first quarter. Versant Capital Management Inc now owns 884 shares of the business services provider’s stock valued at $50,000 after buying an additional 831 shares during the last quarter. Finally, Curio Wealth LLC purchased a new stake in shares of Copart in the fourth quarter valued at about $52,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock valued at $11,401,000 over the last quarter. Company insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Argus cut shares of Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Copart from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd.

Copart Price Performance

Shares of NASDAQ CPRT opened at $50.13 on Friday. The company has a market capitalization of $48.43 billion, a PE ratio of 33.64 and a beta of 1.10. The firm’s 50-day moving average is $58.14 and its two-hundred day moving average is $57.87. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal 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.