Corient Private Wealth LLC Has $26.42 Million Holdings in Copart, Inc. $CPRT

Corient Private Wealth LLC decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 8.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 673,873 shares of the business services provider’s stock after selling 63,185 shares during the quarter. Corient Private Wealth LLC’s holdings in Copart were worth $26,423,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in Copart by 12.3% during the fourth quarter. Hsbc Holdings PLC now owns 3,311,002 shares of the business services provider’s stock worth $129,585,000 after buying an additional 361,417 shares in the last quarter. Reflection Asset Management bought a new position in Copart during the 4th quarter valued at $34,000. Tobam boosted its holdings in Copart by 1,556.1% during the 4th quarter. Tobam now owns 22,192 shares of the business services provider’s stock worth $869,000 after acquiring an additional 20,852 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Copart by 564.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,523,773 shares of the business services provider’s stock worth $98,806,000 after acquiring an additional 2,144,147 shares in the last quarter. Finally, Copos Capital S.a r.l. bought a new stake in shares of Copart in the 4th quarter worth $459,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance

Shares of Copart stock opened at $29.48 on Tuesday. The firm has a market cap of $27.29 billion, a PE ratio of 18.31 and a beta of 1.01. Copart, Inc. has a 1 year low of $29.41 and a 1 year high of $50.11. The stock has a fifty day moving average price of $32.48 and a 200-day moving average price of $35.81.

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, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $1.24 billion for 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 quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. As a group, equities analysts anticipate that Copart, Inc. will post 1.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the transaction, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. The trade was a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.60% of the company’s stock.

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.