17,454 Shares in Copart, Inc. $CPRT Bought by Wilian Securities LLC

Wilian Securities LLC bought a new position in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, HoldingsChannel reports. The fund bought 17,454 shares of the business services provider’s stock, valued at approximately $683,000.

A number of other institutional investors also recently bought and sold shares of the stock. Hollencrest Capital Management raised its holdings in Copart by 13.2% in the 3rd quarter. Hollencrest Capital Management now owns 2,088 shares of the business services provider’s stock worth $94,000 after purchasing an additional 244 shares during the period. Howard Capital Management Inc. raised its holdings in Copart by 1.1% in the 3rd quarter. Howard Capital Management Inc. now owns 24,163 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 253 shares during the period. Cornerstone Planning Group LLC raised its holdings in Copart by 54.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock worth $31,000 after purchasing an additional 256 shares during the period. Quadrant Capital Group LLC raised its holdings in Copart by 1.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after purchasing an additional 264 shares during the period. Finally, Sierra Legacy Group raised its holdings in Copart by 1.9% in the 4th quarter. Sierra Legacy Group now owns 13,880 shares of the business services provider’s stock worth $543,000 after purchasing an additional 265 shares during the period. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 4.1%

NASDAQ:CPRT opened at $34.40 on Friday. The business’s 50-day simple moving average is $33.32 and its two-hundred day simple moving average is $37.23. The stock has a market cap of $33.14 billion, a PE ratio of 21.50 and a beta of 1.02. Copart, Inc. has a 52 week low of $32.20 and a 52 week high of $61.24.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. Sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CPRT shares. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Barclays reaffirmed an “underweight” rating and issued a $32.00 target price (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Robert W. Baird set a $48.00 target price on Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. JPMorgan Chase & Co. decreased their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Copart has a consensus rating of “Hold” and a consensus price target of $44.40.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the sale, the chief executive officer directly owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This trade represents a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.60% of the stock is currently owned by corporate insiders.

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.