Fiera Capital Corp Purchases 52,036 Shares of Copart, Inc. $CPRT

Fiera Capital Corp lifted its position in Copart, Inc. (NASDAQ:CPRT) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,829,434 shares of the business services provider’s stock after buying an additional 52,036 shares during the period. Copart comprises 1.1% of Fiera Capital Corp’s holdings, making the stock its 26th largest position. Fiera Capital Corp owned 0.91% of Copart worth $345,672,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CPRT. Norges Bank bought a new stake in shares of Copart in the 4th quarter valued at $569,569,000. Capital World Investors increased its holdings in Copart by 25.1% during the 4th quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock worth $1,085,588,000 after purchasing an additional 5,555,101 shares in the last quarter. Capital International Investors bought a new position in Copart during the 4th quarter worth about $195,637,000. Bank of New York Mellon Corp increased its holdings in Copart by 21.7% during the 4th quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock worth $860,618,000 after purchasing an additional 3,918,610 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Copart by 298.2% during the 3rd quarter. AQR Capital Management LLC now owns 4,887,359 shares of the business services provider’s stock worth $217,243,000 after purchasing an additional 3,660,031 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction dated 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 in the company, valued at $2,638,871.76. This represents a 24.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. JPMorgan Chase & Co. lowered their target price on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Barclays reiterated an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Robert W. Baird set a $48.00 target price on Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.50.

Copart Price Performance

Copart stock opened at $30.96 on Monday. The firm has a 50-day moving average of $33.03 and a 200-day moving average of $36.52. Copart, Inc. has a one year low of $29.97 and a one year high of $50.92. The company has a market cap of $28.66 billion, a price-to-earnings ratio of 19.23 and a beta of 1.01.

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