Chicago Partners Investment Group LLC Increases Holdings in Copart, Inc. $CPRT

Chicago Partners Investment Group LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 175.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,026 shares of the business services provider’s stock after acquiring an additional 27,413 shares during the period. Chicago Partners Investment Group LLC’s holdings in Copart were worth $1,449,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CPRT. Lodestone Wealth Management LLC purchased a new position in Copart in the 4th quarter worth approximately $25,000. Cache Advisors LLC purchased a new stake in Copart during the 1st quarter valued at approximately $31,000. Aventura Private Wealth LLC bought a new stake in shares of Copart during the fourth quarter valued at approximately $33,000. Reflection Asset Management bought a new stake in shares of Copart during the fourth quarter valued at approximately $34,000. Finally, Board of the Pension Protection Fund purchased a new position in shares of Copart in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CPRT shares. Weiss Ratings downgraded shares of 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 target price on Copart in a research report on Friday, May 22nd. Finally, Freedom Capital raised Copart to a “strong-buy” rating in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Copart currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Copart Stock Down 0.9%

Copart stock opened at $27.28 on Thursday. The company’s 50-day moving average price is $30.96 and its 200-day moving average price is $34.61. The company has a market cap of $25.26 billion, a PE ratio of 16.94 and a beta of 1.02. Copart, Inc. has a twelve month low of $27.23 and a twelve month high of $50.11.

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

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.