W.G. Shaheen & Associates DBA Whitney & Co Has $9.12 Million Stake in Copart, Inc. $CPRT

W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 12.4% in the 1st quarter, Holdings Channel reports. The fund owned 274,718 shares of the business services provider’s stock after purchasing an additional 30,205 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Copart were worth $9,121,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Copart by 92.1% during the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after buying an additional 6,817 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Copart by 365.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after buying an additional 878 shares during the period. Jump Financial LLC bought a new stake in shares of Copart during the second quarter worth $2,677,000. Sei Investments Co. increased its position in shares of Copart by 110.0% during the second quarter. Sei Investments Co. now owns 900,330 shares of the business services provider’s stock worth $44,179,000 after acquiring an additional 471,571 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Copart by 3.5% during the second quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider’s stock worth $20,270,000 after acquiring an additional 13,860 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 3.7%

Shares of CPRT opened at $28.29 on Friday. Copart, Inc. has a twelve month low of $27.23 and a twelve month high of $50.11. The stock has a market capitalization of $26.19 billion, a P/E ratio of 17.57 and a beta of 1.02. The company has a 50 day moving average of $30.85 and a 200-day moving average of $34.53.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. Copart had a net margin of 33.48% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, sell-side analysts anticipate that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Jefferies Financial Group set a $45.00 price target on Copart in a report on Friday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Copart presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.