Capital International Ltd. CA Buys 130,965 Shares of Copart, Inc. $CPRT

Capital International Ltd. CA raised its stake in Copart, Inc. (NASDAQ:CPRT) by 48.4% in the fourth quarter, Holdings Channel reports. The firm owned 401,757 shares of the business services provider’s stock after acquiring an additional 130,965 shares during the quarter. Capital International Ltd. CA’s holdings in Copart were worth $15,729,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Lodestone Wealth Management LLC bought a new stake in shares of Copart in the 4th quarter valued at about $25,000. Aventura Private Wealth LLC bought a new stake in shares of Copart in the 4th quarter valued at about $33,000. Board of the Pension Protection Fund bought a new stake in shares of Copart in the 4th quarter valued at about $35,000. FNY Investment Advisers LLC bought a new stake in shares of Copart in the 3rd quarter valued at about $36,000. Finally, Larson Financial Group LLC raised its holdings in shares of Copart by 36.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,363 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 366 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CPRT has been the topic of a number of research analyst reports. Jefferies Financial Group set a $45.00 target price on shares of Copart in a report on Friday, May 22nd. 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. JPMorgan Chase & Co. reduced their target price on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Finally, Robert W. Baird set a $48.00 target price on Copart and gave the stock an “outperform” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.50.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the business’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 completion of the sale, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. The trade was a 24.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.60% of the stock is owned by company insiders.

Copart Trading Up 0.6%

Shares of NASDAQ CPRT opened at $30.96 on Friday. Copart, Inc. has a 12 month low of $29.97 and a 12 month high of $50.92. The stock has a 50 day moving average of $33.03 and a 200-day moving average of $36.55. The company has a market capitalization of $28.66 billion, a P/E ratio of 19.23 and a beta of 1.00.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts predict that Copart, Inc. will post 1.58 EPS for the current fiscal year.

Copart Company 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.