Copart, Inc. $CPRT Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 25.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,586,737 shares of the business services provider’s stock after selling 553,166 shares during the quarter. Natixis Advisors LLC’s holdings in Copart were worth $62,121,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in Copart in the 4th quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in Copart by 54.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock worth $31,000 after buying an additional 256 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Copart during the 3rd quarter worth approximately $36,000. Aventura Private Wealth LLC purchased a new stake in Copart during the 4th quarter worth approximately $33,000. Finally, Board of the Pension Protection Fund purchased a new stake in Copart during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance

CPRT stock opened at $30.35 on Thursday. The business has a 50 day simple moving average of $33.12 and a 200-day simple moving average of $36.67. The firm has a market capitalization of $28.10 billion, a PE ratio of 18.85 and a beta of 1.00. Copart, Inc. has a 1 year low of $29.97 and a 1 year high of $51.01.

Copart (NASDAQ:CPRT) last posted its quarterly 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 during the quarter, compared to analyst estimates of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. On average, equities research analysts expect that Copart, Inc. will post 1.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Robert W. Baird set a $48.00 price objective on Copart and gave the stock an “outperform” rating in a research note on Friday, February 20th. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Barclays reiterated an “underweight” rating and set a $32.00 price objective (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. cut their price objective on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Two research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.50.

Insider Activity

In other news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction that occurred 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. This represents a 24.79% decrease in their ownership of the stock. 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.

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.