Copart, Inc. $CPRT Stock Holdings Raised by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. grew its stake in Copart, Inc. (NASDAQ:CPRT) by 11.7% during the first quarter, HoldingsChannel.com reports. The firm owned 174,026 shares of the business services provider’s stock after purchasing an additional 18,180 shares during the period. Kinsale Capital Group Inc.’s holdings in Copart were worth $5,778,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CPRT. Gryphon Financial Partners LLC increased its holdings in Copart by 32.8% in the first quarter. Gryphon Financial Partners LLC now owns 9,001 shares of the business services provider’s stock valued at $299,000 after buying an additional 2,221 shares during the last quarter. Assetmark Inc. lifted its holdings in Copart by 21.2% during the 1st quarter. Assetmark Inc. now owns 614,892 shares of the business services provider’s stock worth $20,414,000 after buying an additional 107,637 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Copart by 4,135.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,809,924 shares of the business services provider’s stock worth $59,764,000 after buying an additional 1,767,187 shares during the last quarter. Smart Money Group LLC grew its position in shares of Copart by 30.4% in the 1st quarter. Smart Money Group LLC now owns 27,738 shares of the business services provider’s stock worth $921,000 after acquiring an additional 6,467 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of Copart by 12.4% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 274,718 shares of the business services provider’s stock valued at $9,121,000 after acquiring an additional 30,205 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 2.4%

Shares of CPRT stock opened at $27.61 on Friday. The business has a 50 day moving average of $30.72 and a two-hundred day moving average of $34.48. Copart, Inc. has a 52 week low of $27.23 and a 52 week high of $50.11. The company has a market cap of $25.56 billion, a P/E ratio of 17.15 and a beta of 1.02.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Analysts expect that Copart, Inc. will post 1.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group set a $45.00 price target on Copart in a research report on Friday, May 22nd. Freedom Capital raised shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings lowered shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.