Leibman Financial Services Inc. Invests $2.11 Million in Copart, Inc. $CPRT

Leibman Financial Services Inc. acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 53,871 shares of the business services provider’s stock, valued at approximately $2,109,000. Copart accounts for about 1.5% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 29th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in Copart during the 3rd quarter worth $25,000. Tripletail Wealth Management LLC purchased a new stake in Copart in the third quarter valued at about $27,000. LRI Investments LLC boosted its holdings in Copart by 125.2% in the third quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock worth $29,000 after acquiring an additional 363 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Copart by 54.0% in the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock worth $31,000 after acquiring an additional 256 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Copart during the third quarter worth about $36,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $32.52 on Friday. Copart, Inc. has a fifty-two week low of $32.20 and a fifty-two week high of $63.85. The firm has a market capitalization of $31.33 billion, a PE ratio of 20.33 and a beta of 1.09. The stock’s 50-day simple moving average is $38.29 and its 200-day simple moving average is $41.05.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 19th. The business services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 25,137 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 9.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their target price on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Robert W. Baird set a $48.00 price target on shares of Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Barclays reiterated an “underweight” rating and set a $32.00 price objective (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Copart has an average rating of “Hold” and an average target price of $44.40.

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.