Eurizon Capital SGR S.p.A. Invests $3.30 Million in Copart, Inc. $CPRT

Eurizon Capital SGR S.p.A. bought a new position in Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 84,253 shares of the business services provider’s stock, valued at approximately $3,299,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lodestone Wealth Management LLC acquired a new stake in shares of Copart in the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its holdings in shares of Copart by 54.0% in the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Copart in the fourth quarter valued at approximately $33,000. Board of the Pension Protection Fund acquired a new stake in shares of Copart in the fourth quarter valued at approximately $35,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Copart in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Down 1.4%

CPRT opened at $32.32 on Tuesday. The stock has a market capitalization of $31.13 billion, a P/E ratio of 20.07 and a beta of 1.01. Copart, Inc. has a 12 month low of $31.95 and a 12 month high of $51.40. The firm’s fifty day simple moving average is $33.22 and its 200 day simple moving average is $36.82.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Copart had a net margin of 33.48% and a return on equity of 16.63%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $0.42 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Copart, Inc. will post 1.58 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total transaction of $869,747.34. Following the completion of the transaction, the chief executive officer directly owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This trade represents a 24.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays reissued an “underweight” rating and issued a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Jefferies Financial Group set a $45.00 price objective on shares of Copart in a research note on Friday, May 22nd. Robert W. Baird set a $48.00 price objective on shares of Copart and gave the company an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings cut shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.50.

Copart Company Profile

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.