Copart, Inc. $CPRT Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 40.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,187 shares of the business services provider’s stock after selling 27,747 shares during the quarter. Bessemer Group Inc.’s holdings in Copart were worth $1,370,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRT. Quadrant Capital Group LLC raised its holdings 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 valued at $931,000 after acquiring an additional 264 shares during the last quarter. Sierra Legacy Group boosted its holdings in shares of Copart by 1.9% during the fourth 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 last quarter. Geneos Wealth Management Inc. grew its position in shares of Copart by 23.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 266 shares during the period. Brown Miller Wealth Management LLC grew its position in shares of Copart by 3.8% in the fourth quarter. Brown Miller Wealth Management LLC now owns 7,310 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 268 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Copart by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 282 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CPRT shares. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Barclays set a $26.00 target price on shares of Copart and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group set a $45.00 price target on shares of Copart in a research report on Friday, May 22nd. Three 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $27.20 on Friday. The business has a 50-day moving average of $30.26 and a two-hundred day moving average of $34.12. The firm has a market capitalization of $25.18 billion, a PE ratio of 16.89 and a beta of 1.02. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11.

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