Eurizon Capital SGR S.p.A. Makes New $3.30 Million Investment in Copart, Inc. $CPRT

Eurizon Capital SGR S.p.A. acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, Holdings Channel reports. The firm acquired 84,253 shares of the business services provider’s stock, valued at approximately $3,299,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after buying an additional 6,817 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Copart by 365.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock worth $63,000 after purchasing an additional 878 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Copart during the 2nd quarter worth approximately $2,677,000. Sei Investments Co. grew its position in shares of Copart by 110.0% during the 2nd quarter. Sei Investments Co. now owns 900,330 shares of the business services provider’s stock worth $44,179,000 after purchasing an additional 471,571 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Copart by 3.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider’s stock worth $20,270,000 after purchasing an additional 13,860 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Trading Down 1.4%

NASDAQ:CPRT opened at $32.32 on Tuesday. The stock has a market capitalization of $31.13 billion, a price-to-earnings ratio of 20.07 and a beta of 1.01. The firm has a fifty day simple moving average of $33.22 and a two-hundred day simple moving average of $36.82. Copart, Inc. has a 12 month low of $31.95 and a 12 month high of $51.40.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Copart had a net margin of 33.48% and a return on equity of 16.63%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. Equities analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jeffrey Liaw sold 26,213 shares of Copart stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total transaction of $869,747.34. Following the completion of the transaction, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. This trade represents a 24.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CPRT has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $45.00 price target on shares of Copart in a report on Friday, May 22nd. Barclays reaffirmed an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. JPMorgan Chase & Co. decreased their target price on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Robert W. Baird set a $48.00 target price on shares of Copart and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Copart presently has an average rating of “Hold” and an average target price of $44.50.

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.