Copart, Inc. $CPRT Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,510,596 shares of the business services provider’s stock after selling 79,826 shares during the quarter. Copart makes up approximately 2.2% of Madison Asset Management LLC’s holdings, making the stock its 7th largest holding. Madison Asset Management LLC owned about 0.47% of Copart worth $202,841,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPRT. Cloud Capital Management LLC bought a new stake in shares of Copart in the 3rd quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new position in shares of Copart in the third quarter valued at approximately $27,000. LRI Investments LLC increased its holdings in Copart by 125.2% during the 3rd quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock worth $29,000 after purchasing an additional 363 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Copart during the second quarter worth about $31,000. Finally, Creekmur Asset Management LLC raised its position in Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock valued at $31,000 after buying an additional 574 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Transactions at Copart

In other Copart news, Director Thomas N. Tryforos sold 100,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total value of $3,907,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Liaw sold 25,137 shares of Copart stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the completion of the sale, the chief executive officer directly owned 55,970 shares of the company’s stock, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays reissued an “underweight” rating and set a $33.00 price target (up from $32.00) on shares of Copart in a research report on Friday, November 21st. JPMorgan Chase & Co. decreased their price target on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. CJS Securities raised Copart to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Robert W. Baird dropped their price target on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.60.

Copart Trading Up 0.1%

Copart stock opened at $40.35 on Wednesday. The stock has a 50-day moving average price of $39.63 and a two-hundred day moving average price of $43.01. Copart, Inc. has a 12 month low of $37.41 and a 12 month high of $63.85. The company has a market capitalization of $39.06 billion, a PE ratio of 24.60 and a beta of 1.08.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

About Copart

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.