Bleakley Financial Group LLC Has $1.52 Million Stock Holdings in Copart, Inc. $CPRT

Bleakley Financial Group LLC raised its stake in Copart, Inc. (NASDAQ:CPRT) by 125.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,915 shares of the business services provider’s stock after purchasing an additional 25,546 shares during the period. Bleakley Financial Group LLC’s holdings in Copart were worth $1,524,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on CPRT shares. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Freedom Capital upgraded Copart to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. Three 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.50.

Copart Stock Performance

CPRT stock opened at $28.29 on Friday. The company has a market capitalization of $26.19 billion, a P/E ratio of 17.57 and a beta of 1.02. Copart, Inc. has a 52-week low of $27.23 and a 52-week high of $50.11. The business has a 50-day simple moving average of $30.85 and a two-hundred day simple moving average of $34.53.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, topping 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 firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast 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.