Copart, Inc. $CPRT Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 41.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 88,085 shares of the business services provider’s stock after selling 62,747 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Copart were worth $2,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Waverly Advisors LLC boosted its position in Copart by 283.1% during the first quarter. Waverly Advisors LLC now owns 194,768 shares of the business services provider’s stock worth $6,466,000 after purchasing an additional 143,925 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Copart by 1.5% in the first quarter. Epoch Investment Partners Inc. now owns 3,405,198 shares of the business services provider’s stock valued at $113,053,000 after buying an additional 49,642 shares in the last quarter. Entropy Technologies LP increased its position in shares of Copart by 257.7% in the first quarter. Entropy Technologies LP now owns 224,605 shares of the business services provider’s stock valued at $7,457,000 after buying an additional 161,821 shares in the last quarter. Sustainable Insight Capital Management LLC raised its stake in shares of Copart by 24.5% during the 1st quarter. Sustainable Insight Capital Management LLC now owns 132,937 shares of the business services provider’s stock worth $4,414,000 after buying an additional 26,200 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Copart by 247.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,150,831 shares of the business services provider’s stock worth $38,208,000 after buying an additional 819,186 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 2.7%

Shares of NASDAQ:CPRT opened at $27.94 on Friday. The company has a market capitalization of $25.87 billion, a P/E ratio of 17.35 and a beta of 1.02. Copart, Inc. has a 52-week low of $26.81 and a 52-week high of $50.11. The stock’s fifty day simple moving average is $30.17 and its 200-day simple moving average is $34.07.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, topping 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 firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Copart, Inc. will post 1.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.