Swiss National Bank Has $89.60 Million Stock Position in Copart, Inc. $CPRT

Swiss National Bank lifted its position in Copart, Inc. (NASDAQ:CPRT) by 7.1% in the first quarter, HoldingsChannel.com reports. The firm owned 2,698,800 shares of the business services provider’s stock after acquiring an additional 179,500 shares during the period. Swiss National Bank’s holdings in Copart were worth $89,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in shares of Copart in the 4th quarter valued at $25,000. Cache Advisors LLC acquired a new stake in shares of Copart during the 1st quarter valued at about $31,000. Aventura Private Wealth LLC acquired a new stake in shares of Copart during the 4th quarter valued at about $33,000. Reflection Asset Management bought a new stake in Copart in the fourth quarter valued at about $34,000. Finally, Triumph Capital Management increased its stake in Copart by 424.2% in the fourth quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 823 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Three 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Copart currently has an average rating of “Moderate Buy” and an average target price of $44.50.

Copart Trading Down 0.4%

Shares of CPRT stock opened at $27.49 on Tuesday. Copart, Inc. has a 1 year low of $27.18 and a 1 year high of $50.11. The firm’s 50 day moving average is $30.61 and its 200-day moving average is $34.36. The firm has a market capitalization of $25.45 billion, a price-to-earnings ratio of 17.07 and a beta of 1.02.

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 the consensus estimate 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 return on equity of 16.63% and a net margin of 33.48%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities research analysts forecast that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

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.