Schroder Investment Management Group Sells 279,922 Shares of Copart, Inc. $CPRT

Schroder Investment Management Group reduced its stake in Copart, Inc. by 38.4% in Q2, selling 279,922 shares. The firm's holdings in Copart were valued at $22.04 million at the end of the reporting period. Several other institutional investors also adjusted their positions in Copart. Analysts have mixed ratings on the stock, with a consensus rating of 'Hold' and a target price of $47.60. Copart's recent earnings report showed a slight revenue increase and an EPS of $0.41, beating estimates.

Schroder Investment Management Group trimmed its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 38.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 449,113 shares of the business services provider's stock after selling 279,922 shares during the quarter. Schroder Investment Management Group's holdings in Copart were worth $22,038,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently made changes to their positions in the company. Atticus Wealth Management LLC purchased a new stake in Copart in the second quarter worth about $31,000. Ameritas Advisory Services LLC purchased a new position in Copart during the 2nd quarter valued at about $31,000. Creekmur Asset Management LLC raised its holdings in shares of Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider's stock valued at $31,000 after purchasing an additional 574 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of Copart by 83.8% in the 2nd quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider's stock worth $36,000 after purchasing an additional 335 shares during the period. Finally, GFG Capital LLC purchased a new stake in shares of Copart in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CPRT shares. HSBC set a $62.00 price objective on shares of Copart and gave the company a "buy" rating in a report on Thursday, September 4th. Stephens dropped their target price on Copart from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, September 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Copart in a research report on Wednesday, October 8th. Robert W. Baird decreased their price objective on Copart from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Friday, November 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Copart from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.60.

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Read Our Latest Research Report on CPRT

Copart Trading Down 0.5%

Shares of CPRT opened at $38.96 on Wednesday. The firm has a market cap of $37.71 billion, a PE ratio of 23.76 and a beta of 1.12. Copart, Inc. has a 12 month low of $38.61 and a 12 month high of $63.85. The stock has a fifty day moving average price of $42.74 and a 200-day moving average price of $46.62.

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Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Copart had a return on equity of 17.78% and a net margin of 34.24%.The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $0.37 EPS. The firm's revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the company's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the transaction, the chief executive officer owned 31,332 shares in the company, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Tryforos sold 100,000 shares of the firm's stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 353,123 shares of company stock worth $15,873,689 in the last 90 days. Insiders own 9.60% of the company's stock.

About Copart

(Free Report)

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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