Copart, Inc. $CPRT Stock Holdings Lifted by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 10.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 902,233 shares of the business services provider’s stock after purchasing an additional 82,933 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Copart worth $44,273,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Atticus Wealth Management LLC acquired a new stake in Copart in the second quarter valued at approximately $31,000. Creekmur Asset Management LLC lifted its stake in shares of Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 574 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Copart in the 2nd quarter valued at $31,000. Accent Capital Management LLC bought a new stake in Copart in the first quarter worth $36,000. Finally, Bank of Jackson Hole Trust lifted its position in shares of Copart by 83.8% in the second quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock worth $36,000 after buying an additional 335 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total value of $1,087,635.57. Following the sale, the chief executive officer owned 31,332 shares of the company’s stock, valued at $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale is available in the SEC filing. Insiders own 9.60% of the company’s stock.

Copart Price Performance

Shares of NASDAQ CPRT traded up $0.24 during mid-day trading on Monday, hitting $41.32. The company had a trading volume of 564,609 shares, compared to its average volume of 6,163,867. Copart, Inc. has a 12 month low of $39.58 and a 12 month high of $64.38. The firm has a market cap of $39.99 billion, a P/E ratio of 25.79 and a beta of 1.06. The business’s 50-day simple moving average is $44.48 and its 200-day simple moving average is $48.48.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. Copart had a return on equity of 18.17% and a net margin of 33.41%.The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CPRT. Barclays set a $32.00 price objective on Copart in a research note on Tuesday, November 11th. HSBC set a $62.00 price objective on shares of Copart and gave the stock a “buy” rating in a research note on Thursday, September 4th. Stephens lowered their target price on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Finally, Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.00.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.