Copart, Inc. (NASDAQ:CPRT) Shares Sold by Kowal Investment Group LLC

Kowal Investment Group LLC reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,235 shares of the business services provider’s stock after selling 312 shares during the period. Kowal Investment Group LLC’s holdings in Copart were worth $303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CPRT. Rise Advisors LLC acquired a new stake in shares of Copart during the first quarter worth $28,000. Pinnacle Bancorp Inc. raised its holdings in shares of Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after purchasing an additional 234 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of Copart during the fourth quarter worth $34,000. Indiana Trust & Investment Management CO purchased a new position in shares of Copart during the first quarter worth $36,000. Finally, Trust Co. of Vermont purchased a new position in shares of Copart during the fourth quarter worth $38,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of Copart stock opened at $53.35 on Tuesday. The firm has a fifty day moving average price of $54.27 and a 200 day moving average price of $52.66. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The stock has a market cap of $51.34 billion, a PE ratio of 37.57 and a beta of 1.28.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts expect that Copart, Inc. will post 1.43 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their target price on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Copart has an average rating of “Hold” and an average target price of $51.00.

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.