Capital International Ltd. CA Acquires 130,965 Shares of Copart, Inc. $CPRT

Capital International Ltd. CA grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 48.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 401,757 shares of the business services provider’s stock after acquiring an additional 130,965 shares during the quarter. Capital International Ltd. CA’s holdings in Copart were worth $15,729,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new stake in shares of Copart in the fourth quarter worth about $25,000. FNY Investment Advisers LLC bought a new stake in shares of Copart in the third quarter worth about $36,000. Aventura Private Wealth LLC bought a new stake in shares of Copart in the fourth quarter worth about $33,000. Board of the Pension Protection Fund bought a new stake in shares of Copart in the fourth quarter worth about $35,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Copart by 365.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock worth $63,000 after acquiring an additional 878 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

NASDAQ:CPRT opened at $30.96 on Friday. The company has a market cap of $28.66 billion, a PE ratio of 19.23 and a beta of 1.00. Copart, Inc. has a 52-week low of $29.97 and a 52-week high of $50.92. The stock has a 50-day simple moving average of $33.03 and a 200 day simple moving average of $36.55.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CPRT shares. JPMorgan Chase & Co. lowered their price target on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Robert W. Baird set a $48.00 price target on Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. Barclays restated 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. Finally, Jefferies Financial Group set a $45.00 price objective on Copart in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.50.

Insider Activity

In related news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction dated Wednesday, April 15th. The stock was 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 in the company, valued at approximately $2,638,871.76. This trade represents a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.60% of the company’s stock.

Copart 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.