Copart, Inc. $CPRT Stock Holdings Lifted by Curio Wealth LLC

Curio Wealth LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 89,900.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 900 shares of the business services provider’s stock after purchasing an additional 899 shares during the quarter. Curio Wealth LLC’s holdings in Copart were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CPRT. Vanguard Group Inc. raised its stake in shares of Copart by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 104,263,922 shares of the business services provider’s stock valued at $5,900,295,000 after acquiring an additional 2,134,890 shares in the last quarter. Principal Financial Group Inc. grew its holdings 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 purchasing an additional 1,249,687 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Copart by 15.9% in 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 purchasing an additional 2,106,656 shares during the period. Invesco Ltd. lifted its stake in shares of Copart by 7.5% in the first quarter. Invesco Ltd. now owns 9,490,237 shares of the business services provider’s stock worth $537,052,000 after buying an additional 658,329 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Copart by 32.5% during the 1st quarter. Amundi now owns 9,380,026 shares of the business services provider’s stock worth $531,256,000 after buying an additional 2,299,192 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Copart Price Performance

NASDAQ CPRT opened at $44.66 on Friday. The stock’s 50 day simple moving average is $46.39 and its 200 day simple moving average is $50.50. Copart, Inc. has a one year low of $43.32 and a one year high of $64.38. The firm has a market cap of $43.22 billion, a PE ratio of 27.91 and a beta of 1.03.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Copart had a net margin of 33.41% and a return on equity of 18.17%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. Copart’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the transaction, the chief executive officer owned 31,332 shares in the company, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by corporate insiders.

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.