Copart, Inc. $CPRT Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 68.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,660 shares of the business services provider’s stock after buying an additional 62,065 shares during the period. Headlands Technologies LLC’s holdings in Copart were worth $4,303,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in shares of Copart by 1.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after acquiring an additional 264 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Copart by 23.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after purchasing an additional 266 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Copart by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock worth $250,000 after purchasing an additional 282 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Copart by 11.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock worth $109,000 after purchasing an additional 288 shares during the period. Finally, American Trust raised its stake in Copart by 2.1% during the third quarter. American Trust now owns 14,230 shares of the business services provider’s stock worth $640,000 after purchasing an additional 295 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the completion of the transaction, the chief executive officer directly owned 99,641 shares in the company, valued at $3,038,054.09. This trade represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on CPRT shares. Barclays set a $25.00 price target on shares of Copart and gave the company an “underweight” rating in a research note on Wednesday. Stephens reiterated an “equal weight” rating and issued a $35.00 price objective on shares of Copart in a report on Thursday, August 20th. Zacks Research lowered Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Freedom Capital raised Copart to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Copart presently has an average rating of “Hold” and an average price target of $41.50.

Copart Stock Performance

NASDAQ:CPRT opened at $32.99 on Monday. Copart, Inc. has a fifty-two week low of $26.81 and a fifty-two week high of $50.11. The company has a 50 day moving average price of $29.77 and a 200 day moving average price of $32.41. The stock has a market capitalization of $30.54 billion, a P/E ratio of 20.49 and a beta of 1.01.

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.