Copart, Inc. $CPRT Shares Sold by Midwest Trust Co

Midwest Trust Co lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 94.0% in the first quarter, Holdings Channel reports. The fund owned 8,080 shares of the business services provider’s stock after selling 126,019 shares during the quarter. Midwest Trust Co’s holdings in Copart were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in shares of Copart during the fourth quarter worth $25,000. Cache Advisors LLC acquired a new stake in Copart during the 1st quarter valued at $31,000. Aventura Private Wealth LLC acquired a new stake in Copart during the 4th quarter valued at $33,000. Reflection Asset Management purchased a new stake in Copart during the 4th quarter worth $34,000. Finally, Board of the Pension Protection Fund purchased a new stake in Copart during the 4th quarter worth $35,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of Copart stock opened at $27.28 on Thursday. Copart, Inc. has a 1 year low of $27.23 and a 1 year high of $50.11. The firm’s 50-day simple moving average is $30.96 and its 200-day simple moving average is $34.61. The firm has a market cap of $25.26 billion, a PE ratio of 16.94 and a beta of 1.02.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company’s revenue for the quarter 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. On average, equities analysts predict that Copart, Inc. will post 1.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.