Capital International Sarl Buys 235,948 Shares of Copart, Inc. $CPRT

Capital International Sarl boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 51.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 694,473 shares of the business services provider’s stock after purchasing an additional 235,948 shares during the quarter. Capital International Sarl owned approximately 0.07% of Copart worth $27,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Copart by 1.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after purchasing an additional 264 shares during the period. Sierra Legacy Group boosted its stake in Copart by 1.9% in the 4th quarter. Sierra Legacy Group now owns 13,880 shares of the business services provider’s stock worth $543,000 after purchasing an additional 265 shares during the period. Geneos Wealth Management Inc. boosted its stake in Copart by 23.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after purchasing an additional 266 shares during the period. Brown Miller Wealth Management LLC raised its holdings in shares of Copart by 3.8% in the 4th quarter. Brown Miller Wealth Management LLC now owns 7,310 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 268 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Copart by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 282 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CPRT. JPMorgan Chase & Co. lowered their price target on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group set a $45.00 price target on Copart in a report on Friday, May 22nd. Finally, Robert W. Baird set a $48.00 price target on Copart and gave the company an “outperform” rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Copart presently has an average rating of “Hold” and an average price target of $44.50.

Copart Stock Up 0.6%

NASDAQ:CPRT opened at $30.96 on Friday. The business’s 50-day moving average price is $33.03 and its two-hundred day moving average price is $36.55. Copart, Inc. has a twelve month low of $29.97 and a twelve month high of $50.92. The stock has a market cap of $28.66 billion, a P/E ratio of 19.23 and a beta of 1.00.

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

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the firm’s 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 transaction, the chief executive officer directly owned 79,532 shares of the company’s stock, valued at approximately $2,638,871.76. This trade represents a 24.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.