Yousif Capital Management LLC Lowers Position in Copart, Inc. $CPRT

Yousif Capital Management LLC lessened its position in Copart, Inc. (NASDAQ:CPRT) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,494 shares of the business services provider’s stock after selling 511 shares during the quarter. Yousif Capital Management LLC’s holdings in Copart were worth $5,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Copart by 2.1% during the first quarter. Vanguard Group Inc. now owns 104,263,922 shares of the business services provider’s stock valued at $5,900,295,000 after buying an additional 2,134,890 shares during the last quarter. Principal Financial Group Inc. raised its stake in Copart by 3.3% during the first quarter. Principal Financial Group Inc. now owns 39,409,377 shares of the business services provider’s stock valued at $2,230,177,000 after buying an additional 1,249,687 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Copart by 15.9% during the first quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock valued at $868,417,000 after buying an additional 2,106,656 shares during the last quarter. Invesco Ltd. raised its stake in Copart by 7.5% during the first quarter. Invesco Ltd. now owns 9,490,237 shares of the business services provider’s stock valued at $537,052,000 after buying an additional 658,329 shares during the last quarter. Finally, Amundi raised its stake in Copart by 32.5% during the first quarter. Amundi now owns 9,380,026 shares of the business services provider’s stock valued at $531,256,000 after buying an additional 2,299,192 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction on Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.68% of the stock is owned by insiders.

Copart Price Performance

Shares of CPRT opened at $44.77 on Wednesday. Copart, Inc. has a one year low of $43.71 and a one year high of $64.38. The firm has a market capitalization of $43.33 billion, a P/E ratio of 27.98 and a beta of 1.03. The business has a fifty day moving average of $46.73 and a 200 day moving average of $51.11.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, topping 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 company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. Copart’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CPRT. Stephens lowered their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. HSBC set a $62.00 price target on Copart and gave the stock a “buy” rating in a research note on Thursday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Finally, Robert W. Baird decreased their price target on Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Copart Company 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.