Saturna Capital Corp Acquires 21,492 Shares of Copart, Inc. $CPRT

Saturna Capital Corp boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 140.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,754 shares of the business services provider’s stock after buying an additional 21,492 shares during the period. Saturna Capital Corp’s holdings in Copart were worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in shares of Copart by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after purchasing an additional 264 shares during the last quarter. Sierra Legacy Group lifted its position in shares of Copart by 1.9% during the fourth quarter. Sierra Legacy Group now owns 13,880 shares of the business services provider’s stock valued at $543,000 after buying an additional 265 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Copart by 23.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock valued at $68,000 after buying an additional 266 shares in the last quarter. Brown Miller Wealth Management LLC grew its position in shares of Copart by 3.8% in the 4th quarter. Brown Miller Wealth Management LLC now owns 7,310 shares of the business services provider’s stock worth $286,000 after buying an additional 268 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Copart by 4.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock worth $250,000 after acquiring an additional 282 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPRT has been the subject of several recent analyst reports. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Barclays set a $26.00 price target on Copart in a report on Tuesday. Finally, Jefferies Financial Group set a $45.00 price objective on shares of Copart in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Copart Stock Performance

Shares of CPRT opened at $27.17 on Wednesday. The stock has a 50-day moving average of $30.48 and a two-hundred day moving average of $34.28. The stock has a market cap of $25.15 billion, a P/E ratio of 16.88 and a beta of 1.02. Copart, Inc. has a one year low of $26.85 and a one year high of $50.11.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Analysts predict that Copart, Inc. will post 1.58 EPS for the current fiscal year.

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.