Osmosis Investment Management UK Ltd Acquires New Position in Copart, Inc. $CPRT

Osmosis Investment Management UK Ltd acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,873 shares of the business services provider’s stock, valued at approximately $673,000.

A number of other large investors also recently bought and sold shares of CPRT. Brighton Jones LLC lifted its stake in Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after purchasing an additional 6,817 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Copart by 365.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 878 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Copart during the second quarter worth $2,677,000. Sei Investments Co. raised its holdings in shares of Copart by 110.0% during the second 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 during the period. Finally, Treasurer of the State of North Carolina lifted its position in shares of Copart by 3.5% in 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 buying an additional 13,860 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CPRT shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Barclays set a $26.00 price objective on shares of Copart and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Stephens reissued an “equal weight” rating and issued a $35.00 target price on shares of Copart in a report on Thursday, August 20th. Jefferies Financial Group set a $45.00 target price on Copart in a research note on Friday, May 22nd. Finally, Freedom Capital raised Copart to a “strong-buy” rating in a report on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Copart presently has an average rating of “Hold” and an average price target of $41.67.

Copart Stock Performance

Shares of CPRT opened at $33.33 on Wednesday. The firm has a fifty day moving average of $29.61 and a 200-day moving average of $32.57. The company has a market cap of $30.86 billion, a price-to-earnings ratio of 20.70 and a beta of 1.01. Copart, Inc. has a 1 year low of $26.81 and a 1 year high of $50.11.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the completion of the transaction, the chief executive officer directly owned 99,641 shares of the company’s stock, valued at $3,038,054.09. The trade was a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.60% of the stock is currently owned by corporate insiders.

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.