Rothschild Investment Corp IL decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,000 shares of the business services provider’s stock after selling 15,000 shares during the quarter. Rothschild Investment Corp IL’s holdings in Copart were worth $1,121,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPRT. Icon Wealth Partners LLC acquired a new position in shares of Copart during the first quarter valued at $34,000. Cordasco Financial Network boosted its holdings in shares of Copart by 170.7% during the second quarter. Cordasco Financial Network now owns 471 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 297 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Copart during the first quarter valued at $40,000. Quadrant Capital Group LLC boosted its holdings in shares of Copart by 170.3% during the first quarter. Quadrant Capital Group LLC now owns 1,181 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 744 shares during the period. Finally, Legacy Advisors LLC acquired a new position in shares of Copart during the first quarter valued at $99,000. 83.85% of the stock is owned by institutional investors.

Shares of NASDAQ CPRT traded down $0.63 during midday trading on Monday, reaching $78.80. 370,974 shares of the company traded hands, compared to its average volume of 875,428. Copart, Inc. has a 52 week low of $44.61 and a 52 week high of $79.74. The stock’s 50-day moving average is $75.50. The company has a current ratio of 2.07, a quick ratio of 1.99 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $18.20 billion, a P/E ratio of 45.55, a price-to-earnings-growth ratio of 1.80 and a beta of 0.85.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, May 22nd. The business services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. Copart had a net margin of 28.12% and a return on equity of 31.33%. The business had revenue of $553.12 million for the quarter, compared to analysts’ expectations of $535.62 million. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. As a group, equities analysts anticipate that Copart, Inc. will post 2.21 earnings per share for the current fiscal year.

In other Copart news, CEO A Jayson Adair sold 43,997 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $74.72, for a total value of $3,287,455.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $71.00, for a total transaction of $3,550,000.00. Following the completion of the sale, the director now owns 50,000 shares in the company, valued at $3,550,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 423,458 shares of company stock worth $31,198,755. 15.99% of the stock is owned by company insiders.

CPRT has been the subject of several analyst reports. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. SunTrust Banks lifted their price objective on shares of Copart to $78.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Barrington Research restated a “hold” rating on shares of Copart in a research note on Friday, May 24th. Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Finally, Guggenheim cut shares of Copart from a “buy” rating to a “neutral” rating and set a $67.07 price objective on the stock. in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.77.

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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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