Chicago Partners Investment Group LLC Boosts Stock Position in Copart, Inc. $CPRT

Chicago Partners Investment Group LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 175.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 43,026 shares of the business services provider’s stock after buying an additional 27,413 shares during the period. Chicago Partners Investment Group LLC’s holdings in Copart were worth $1,449,000 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. Quadrant Capital Group LLC increased its stake 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 buying an additional 264 shares during the period. Sierra Legacy Group boosted its position in Copart by 1.9% in the 4th quarter. Sierra Legacy Group now owns 13,880 shares of the business services provider’s stock valued at $543,000 after buying an additional 265 shares during the period. Geneos Wealth Management Inc. grew its stake in Copart by 23.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after acquiring an additional 266 shares in the last quarter. Brown Miller Wealth Management LLC grew its stake in Copart by 3.8% in the 4th quarter. Brown Miller Wealth Management LLC now owns 7,310 shares of the business services provider’s stock worth $286,000 after acquiring an additional 268 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of Copart by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock worth $250,000 after acquiring an additional 282 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

CPRT has been the subject of a number of research reports. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Freedom Capital raised Copart to a “strong-buy” rating in a research report on Friday, June 26th. Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. Finally, Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Copart Stock Down 0.9%

Copart stock opened at $27.28 on Thursday. The firm has a market cap of $25.26 billion, a P/E ratio of 16.94 and a beta of 1.02. The business has a fifty day moving average of $30.96 and a two-hundred day moving average of $34.61. Copart, Inc. has a twelve month low of $27.23 and a twelve month high of $50.11.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. Copart had a net margin of 33.48% and a return on equity of 16.63%. Copart’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. Equities analysts expect that Copart, Inc. will post 1.58 earnings per share for the current year.

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.