Landscape Capital Management L.L.C. Makes New $4.86 Million Investment in Copart, Inc. $CPRT

Landscape Capital Management L.L.C. acquired a new position in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 124,192 shares of the business services provider’s stock, valued at approximately $4,862,000.

Other large investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC bought a new position in shares of Copart during the 4th quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new position in shares of Copart during the 4th quarter valued at approximately $33,000. Board of the Pension Protection Fund bought a new position in shares of Copart during the 4th quarter valued at approximately $35,000. FNY Investment Advisers LLC bought a new position in shares of Copart during the 3rd quarter valued at approximately $36,000. Finally, Triumph Capital Management increased its position in shares of Copart by 424.2% during the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 823 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In other Copart 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 value of $869,747.34. Following the transaction, the chief executive officer owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This represents a 24.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPRT shares. Barclays reissued an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. cut their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Finally, Robert W. Baird set a $48.00 target price on Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.50.

Copart Stock Down 1.0%

Shares of Copart stock opened at $30.75 on Friday. The stock’s fifty day moving average is $32.85 and its two-hundred day moving average is $36.20. The company has a market capitalization of $28.47 billion, a PE ratio of 19.10 and a beta of 1.00. Copart, Inc. has a 52 week low of $29.97 and a 52 week high of $50.11.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.Copart’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. As a group, research analysts anticipate that Copart, Inc. will post 1.58 earnings per share for the current 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.