Lbp Am Sa Takes $1.22 Million Position in Copart, Inc. $CPRT

Lbp Am Sa bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 31,257 shares of the business services provider’s stock, valued at approximately $1,224,000.

Several other large investors have also recently modified their holdings of CPRT. AQR Capital Management LLC boosted its holdings in Copart by 298.2% during the 3rd quarter. AQR Capital Management LLC now owns 4,887,359 shares of the business services provider’s stock valued at $217,243,000 after acquiring an additional 3,660,031 shares during the period. Van ECK Associates Corp boosted its holdings in Copart by 2,266.7% during the 3rd quarter. Van ECK Associates Corp now owns 3,689,003 shares of the business services provider’s stock valued at $165,895,000 after acquiring an additional 3,533,133 shares during the period. Akre Capital Management LLC boosted its holdings in Copart by 253.1% during the 3rd quarter. Akre Capital Management LLC now owns 4,236,760 shares of the business services provider’s stock valued at $190,527,000 after acquiring an additional 3,036,760 shares during the period. Vanguard Group Inc. boosted its holdings in Copart by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 108,990,652 shares of the business services provider’s stock valued at $4,901,310,000 after acquiring an additional 2,581,784 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Copart by 395.6% during the 3rd quarter. Marshall Wace LLP now owns 2,499,370 shares of the business services provider’s stock valued at $112,397,000 after acquiring an additional 1,995,074 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Up 0.5%

Shares of CPRT stock opened at $33.45 on Friday. Copart, Inc. has a twelve month low of $32.20 and a twelve month high of $63.85. The stock has a market capitalization of $32.22 billion, a price-to-earnings ratio of 20.91 and a beta of 1.14. The stock has a fifty day simple moving average of $35.18 and a two-hundred day simple moving average of $38.97.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Copart had a return on equity of 16.68% and a net margin of 33.76%.The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. Copart’s quarterly revenue was down 3.6% compared to the same quarter last year. Research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research cut Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Copart in a report on Monday, March 23rd. Robert W. Baird set a $48.00 price objective on Copart and gave the company an “outperform” rating in a report on Friday, February 20th. Barclays restated an “underweight” rating and set a $32.00 price objective (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Two 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.40.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the completion of the sale, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. This represents a 24.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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.