Atlantic Union Bankshares Corp Has $1.68 Million Holdings in Copart, Inc. $CPRT

Atlantic Union Bankshares Corp boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 12,498.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,292 shares of the business services provider’s stock after acquiring an additional 36,996 shares during the period. Atlantic Union Bankshares Corp’s holdings in Copart were worth $1,677,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CPRT. Jones Financial Companies Lllp increased its holdings in Copart by 79.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 34,767 shares of the business services provider’s stock valued at $1,560,000 after buying an additional 15,363 shares during the period. Yacktman Asset Management LP acquired a new stake in shares of Copart during the 3rd quarter valued at about $3,382,000. AXS Investments LLC increased its stake in Copart by 4.2% in the third quarter. AXS Investments LLC now owns 13,439 shares of the business services provider’s stock valued at $604,000 after acquiring an additional 541 shares during the period. Mediolanum International Funds Ltd raised its position in Copart by 26.1% in the third quarter. Mediolanum International Funds Ltd now owns 381,240 shares of the business services provider’s stock worth $17,003,000 after purchasing an additional 78,971 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Copart by 3.2% during the third quarter. Principal Financial Group Inc. now owns 40,175,058 shares of the business services provider’s stock worth $1,806,674,000 after purchasing an additional 1,236,101 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CPRT shares. JPMorgan Chase & Co. reduced their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Barclays reissued an “underweight” rating and set a $33.00 price target (up from $32.00) on shares of Copart in a report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Robert W. Baird dropped their price objective on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Finally, CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.60.

Insider Activity

In other news, CEO Jeffrey Liaw sold 25,137 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total value of $1,009,753.29. Following the transaction, the chief executive officer owned 55,970 shares of the company’s stock, valued at approximately $2,248,314.90. This represents a 30.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were 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. 9.60% of the stock is owned by insiders.

Copart Trading Down 1.9%

CPRT stock opened at $38.94 on Wednesday. Copart, Inc. has a 1-year low of $37.41 and a 1-year high of $63.85. The firm has a market cap of $37.69 billion, a PE ratio of 23.74 and a beta of 1.08. The business’s 50-day moving average price is $39.50 and its two-hundred day moving average price is $43.23.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The company’s revenue was up .7% on a year-over-year basis. On average, analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

About Copart

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.