Axxcess Wealth Management LLC reduced its holdings in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 57.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,210 shares of the business services provider’s stock after selling 5,644 shares during the period. Axxcess Wealth Management LLC’s holdings in Copart were worth $317,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CPRT. Amalgamated Bank grew its position in shares of Copart by 101.0% in the 4th quarter. Amalgamated Bank now owns 116,590 shares of the business services provider’s stock valued at $7,099,000 after buying an additional 58,595 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Copart by 69.0% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 13,431 shares of the business services provider’s stock worth $818,000 after purchasing an additional 5,486 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Copart by 99.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 72,965 shares of the business services provider’s stock worth $4,443,000 after purchasing an additional 36,367 shares during the period. Dark Forest Capital Management LP acquired a new stake in Copart during the 4th quarter worth $104,000. Finally, Capital Analysts LLC boosted its stake in Copart by 91.1% during the 4th quarter. Capital Analysts LLC now owns 7,460 shares of the business services provider’s stock worth $454,000 after purchasing an additional 3,557 shares during the period. 78.90% of the stock is owned by hedge funds and other institutional investors.
Copart Stock Up 0.2 %
Shares of CPRT opened at $88.61 on Monday. The company has a 50-day simple moving average of $89.03 and a 200-day simple moving average of $78.29. The company has a market capitalization of $42.30 billion, a PE ratio of 37.08 and a beta of 1.21. Copart, Inc. has a 52-week low of $52.28 and a 52-week high of $94.77.
Wall Street Analyst Weigh In
Several research firms have recently commented on CPRT. JPMorgan Chase & Co. raised their target price on shares of Copart from $70.00 to $79.00 in a research note on Thursday, July 6th. Northcoast Research cut shares of Copart from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. StockNews.com began coverage on shares of Copart in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Robert W. Baird raised their target price on shares of Copart from $78.00 to $90.00 in a research note on Thursday, May 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Copart has an average rating of “Moderate Buy” and an average target price of $82.25.
Insider Buying and Selling
In other Copart news, Chairman Willis J. Johnson sold 660,000 shares of Copart stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $89.07, for a total transaction of $58,786,200.00. Following the completion of the transaction, the chairman now owns 1,773,832 shares in the company, valued at $157,995,216.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman Willis J. Johnson sold 660,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $89.07, for a total value of $58,786,200.00. Following the sale, the chairman now directly owns 1,773,832 shares in the company, valued at $157,995,216.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 143,100 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $88.39, for a total value of $12,648,609.00. Following the sale, the director now directly owns 16,900 shares in the company, valued at approximately $1,493,791. The disclosure for this sale can be found here. Insiders have sold 1,233,100 shares of company stock worth $109,373,409 in the last three months. Corporate insiders own 11.19% of the company’s stock.
About Copart
Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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