64,879 Shares in Copart, Inc. $CPRT Acquired by Aurora Investment Counsel

Aurora Investment Counsel purchased a new position in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, Holdings Channel.com reports. The fund purchased 64,879 shares of the business services provider’s stock, valued at approximately $2,540,000. Copart accounts for 1.3% of Aurora Investment Counsel’s portfolio, making the stock its 21st largest position.

A number of other hedge funds also recently modified their holdings of CPRT. Lodestone Wealth Management LLC bought a new stake in shares of Copart in the 4th quarter worth approximately $25,000. Aventura Private Wealth LLC bought a new stake in shares of Copart in the 4th quarter worth approximately $33,000. Board of the Pension Protection Fund bought a new stake in shares of Copart in the 4th quarter worth approximately $35,000. FNY Investment Advisers LLC bought a new stake in shares of Copart in the 3rd quarter worth approximately $36,000. Finally, Triumph Capital Management raised its holdings in shares of Copart by 424.2% in the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after purchasing an additional 823 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CPRT. Barclays reaffirmed an “underweight” rating and issued a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Robert W. Baird set a $48.00 price target on shares of Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings cut shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.50.

Copart Price Performance

Shares of CPRT stock opened at $30.75 on Friday. The company’s fifty day simple moving average is $32.85 and its two-hundred day simple moving average is $36.20. Copart, Inc. has a 1 year low of $29.97 and a 1 year high of $50.11. The stock has a market capitalization of $28.47 billion, a price-to-earnings ratio of 19.10 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $1.24 billion for 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 for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. Equities research analysts anticipate that Copart, Inc. will post 1.58 EPS for the current year.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction on 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. The trade was a 24.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.60% of the stock is owned by company insiders.

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.