17,454 Shares in Copart, Inc. $CPRT Acquired by Wilian Securities LLC

Wilian Securities LLC purchased a new position in Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,454 shares of the business services provider’s stock, valued at approximately $683,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake 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 purchasing an additional 3,660,031 shares during the last quarter. Van ECK Associates Corp boosted its stake 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 purchasing an additional 3,533,133 shares during the last quarter. Akre Capital Management LLC boosted its stake 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 purchasing an additional 3,036,760 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 purchasing an additional 2,581,784 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake 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 purchasing an additional 1,995,074 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CPRT. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Robert W. Baird set a $48.00 target price on Copart and gave the company an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Barclays reiterated an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Finally, 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 note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.40.

Copart Price Performance

NASDAQ CPRT opened at $34.40 on Friday. The business’s fifty day moving average price is $33.32 and its 200-day moving average price is $37.23. The stock has a market capitalization of $33.14 billion, a price-to-earnings ratio of 21.50 and a beta of 1.02. Copart, Inc. has a 1-year low of $32.20 and a 1-year high of $61.24.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the 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 transaction, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.60% of the stock is owned by insiders.

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.