Dimensional Fund Advisors LP Has $187.97 Million Stock Position in Copart, Inc. $CPRT

Dimensional Fund Advisors LP grew its stake in Copart, Inc. (NASDAQ:CPRT) by 8.2% during the 1st quarter, HoldingsChannel reports. The firm owned 5,662,384 shares of the business services provider’s stock after acquiring an additional 429,437 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Copart were worth $187,974,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CPRT. Quadrant Capital Group LLC grew its stake in Copart by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after buying an additional 264 shares during the last quarter. Sierra Legacy Group raised its stake in shares of Copart by 1.9% in the fourth quarter. Sierra Legacy Group now owns 13,880 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 265 shares during the last quarter. Geneos Wealth Management Inc. raised its stake 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 acquiring an additional 266 shares during the last quarter. Brown Miller Wealth Management LLC boosted 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 worth $286,000 after acquiring an additional 268 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted 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 worth $250,000 after acquiring an additional 282 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPRT. Barclays set a $26.00 price target on Copart and gave the stock an “underweight” rating in a research report on Tuesday. Freedom Capital upgraded Copart to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. Finally, Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.50.

Copart Price Performance

CPRT opened at $27.94 on Friday. Copart, Inc. has a one year low of $26.81 and a one year high of $50.11. The company’s 50 day simple moving average is $30.17 and its 200-day simple moving average is $34.07. The stock has a market capitalization of $25.87 billion, a P/E ratio of 17.35 and a beta of 1.02.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results 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. Copart had a net margin of 33.48% and a return on equity of 16.63%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $0.42 earnings per share. Copart’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Copart, Inc. will post 1.58 EPS for the current year.

Copart Company 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.