Geo Capital Gestora de Recursos Ltd Makes New $2.28 Million Investment in Copart, Inc. $CPRT

Geo Capital Gestora de Recursos Ltd acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 58,245 shares of the business services provider’s stock, valued at approximately $2,280,000. Copart comprises about 4.7% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC purchased a new position in Copart in the fourth quarter valued at about $25,000. Aventura Private Wealth LLC bought a new stake in Copart in the fourth quarter valued at about $33,000. Board of the Pension Protection Fund acquired a new position in Copart in the fourth quarter valued at approximately $35,000. FNY Investment Advisers LLC acquired a new position in shares of Copart during the third quarter worth approximately $36,000. Finally, Triumph Capital Management lifted its position in Copart by 424.2% in the fourth 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 and hedge funds own 85.78% of the company’s stock.

Copart Trading Down 1.0%

NASDAQ:CPRT opened at $30.75 on Friday. 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, Inc. has a 12 month low of $29.97 and a 12 month high of $50.11. The firm has a fifty day simple moving average of $32.85 and a two-hundred day simple moving average of $36.20.

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. Copart had a net margin of 33.48% and a return on equity of 16.63%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey Liaw sold 26,213 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the transaction, the chief executive officer owned 79,532 shares of the company’s stock, valued at approximately $2,638,871.76. This trade represents a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 9.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CPRT shares. 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. Weiss Ratings lowered shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Robert W. Baird set a $48.00 price objective on shares of Copart and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group set a $45.00 target price on shares of Copart in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.50.

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.