Geo Capital Gestora de Recursos Ltd Takes Position in Copart, Inc. $CPRT

Geo Capital Gestora de Recursos Ltd bought a new stake in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 58,245 shares of the business services provider’s stock, valued at approximately $2,280,000. Copart comprises about 4.7% of Geo Capital Gestora de Recursos Ltd’s holdings, making the stock its 12th biggest holding.

Other large investors also recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new position in Copart during the fourth quarter worth about $25,000. Aventura Private Wealth LLC acquired a new stake in Copart during the 4th quarter worth approximately $33,000. Board of the Pension Protection Fund acquired a new position in shares of Copart in the 4th quarter worth approximately $35,000. FNY Investment Advisers LLC bought a new stake in shares of Copart in the 3rd quarter valued at $36,000. Finally, Triumph Capital Management lifted its position in Copart by 424.2% in the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 823 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Activity

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

Copart Price Performance

Shares of CPRT stock opened at $30.75 on Friday. The company has a market cap of $28.47 billion, a P/E ratio of 19.10 and a beta of 1.00. The stock’s 50-day moving average is $32.85 and its 200 day moving average is $36.20. Copart, Inc. has a 1-year low of $29.97 and a 1-year high of $50.11.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.24 billion during 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%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. On average, analysts anticipate that Copart, Inc. will post 1.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays reiterated an “underweight” rating and issued a $32.00 target price (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Weiss Ratings cut shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their target price on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Copart presently has a consensus rating of “Hold” and an average price target of $44.50.

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.