224,190 Copart, Inc. $CPRT Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,799,499 shares of the business services provider’s stock after selling 224,190 shares during the quarter. Copart accounts for approximately 4.0% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 13th largest position. Mcdonald Capital Investors Inc. CA owned about 0.19% of Copart worth $49,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPRT. Generali Asset Management SPA SGR increased its position in shares of Copart by 3.2% during the third quarter. Generali Asset Management SPA SGR now owns 104,743 shares of the business services provider’s stock worth $2,857,000 after acquiring an additional 3,263 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Copart by 0.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 267,448 shares of the business services provider’s stock worth $7,296,000 after acquiring an additional 2,221 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Copart by 41.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 10,786 shares of the business services provider’s stock worth $294,000 after acquiring an additional 3,150 shares during the last quarter. Mill Capital Management LLC raised its holdings in shares of Copart by 2.1% in the 3rd quarter. Mill Capital Management LLC now owns 460,459 shares of the business services provider’s stock worth $12,561,000 after acquiring an additional 9,561 shares during the last quarter. Finally, Lantern Wealth Advisors LLC lifted its position in Copart by 5.9% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 14,440 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Activity

In related news, Director Diane Morefield sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $27.66, for a total value of $553,200.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $1,383,000. The trade was a 28.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.60% of the stock is currently owned by corporate insiders.

Copart Stock Down 0.8%

CPRT stock opened at $28.92 on Wednesday. The business has a 50 day moving average of $29.79 and a 200-day moving average of $32.59. Copart, Inc. has a 12-month low of $25.72 and a 12-month high of $44.34.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, September 10th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts expect that Copart, Inc. will post 1.63 EPS for the current year.

Wall Street Analysts Forecast Growth

CPRT has been the subject of a number of analyst reports. Barclays set a $25.00 price target on Copart and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a research note on Tuesday. BNP Paribas Exane reissued an “outperform” rating and issued a $43.00 price objective (up from $40.00) on shares of Copart in a research note on Monday, September 28th. JPMorgan Chase & Co. upgraded Copart from a “neutral” rating to an “overweight” rating and raised their target price for the company from $32.00 to $40.00 in a report on Thursday, September 3rd. Finally, Stephens reaffirmed an “equal weight” rating and set a $35.00 target price on shares of Copart in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Copart currently has an average rating of “Moderate Buy” and an average price target of $37.80.

About Copart

Copart, Inc is a provider of online vehicle auction and remarketing services. The company operates a digital marketplace that connects vehicle sellers with a broad network of buyers, including licensed dismantlers, rebuilders, used-car dealers, exporters and individual consumers.

Copart primarily sells vehicles that have been damaged, declared total losses by insurers, repossessed, donated or otherwise designated for resale. Its services also include vehicle storage, transportation, towing coordination, title processing, inspection and auction support.