Plato Investment Management Ltd Has $602,000 Holdings in Copart, Inc. $CPRT

Plato Investment Management Ltd grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 11,733.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,307 shares of the business services provider’s stock after purchasing an additional 12,203 shares during the period. Plato Investment Management Ltd’s holdings in Copart were worth $602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of Copart during the 1st quarter worth approximately $26,000. Atticus Wealth Management LLC bought a new stake in shares of Copart during the 2nd quarter worth approximately $31,000. Ameritas Advisory Services LLC bought a new stake in shares of Copart during the 2nd quarter worth approximately $31,000. Creekmur Asset Management LLC lifted its holdings in shares of Copart by 1,063.0% during the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after acquiring an additional 574 shares during the period. Finally, Accent Capital Management LLC bought a new stake in shares of Copart during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

CPRT has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Robert W. Baird cut their price target on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, July 17th. HSBC set a $62.00 price target on shares of Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Stephens dropped 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 note on Friday, September 5th. Finally, Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Insider Buying and Selling at Copart

In other news, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Liaw sold 24,283 shares of the firm’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 transaction, the chief executive officer directly owned 31,332 shares of the company’s stock, valued at $1,403,360.28. The trade was a 43.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.68% of the stock is currently owned by company insiders.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $43.01 on Monday. The company has a market cap of $41.63 billion, a price-to-earnings ratio of 26.88 and a beta of 1.03. The firm has a 50 day simple moving average of $45.93 and a 200 day simple moving average of $49.81. Copart, Inc. has a one year low of $41.96 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Copart had a net margin of 33.41% and a return on equity of 18.17%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

About Copart

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.