Two Sigma Securities LLC Makes New $805,000 Investment in Copart, Inc. $CPRT

Two Sigma Securities LLC purchased a new stake in Copart, Inc. (NASDAQ:CPRT) during the second quarter, HoldingsChannel.com reports. The fund purchased 28,543 shares of the business services provider’s stock, valued at approximately $805,000.

Several other large investors also recently made changes to their positions in CPRT. C M Bidwell & Associates Ltd. acquired a new stake in shares of Copart during the second quarter worth $25,000. Versant Capital Management Inc boosted its stake in Copart by 110.9% in the 2nd quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $27,000 after purchasing an additional 498 shares during the period. Cache Advisors LLC acquired a new position in Copart in the 1st quarter worth $31,000. Compass Financial Management LLC bought a new position in Copart during the 2nd quarter worth about $33,000. Finally, Reflection Asset Management bought a new position in Copart during the 4th quarter worth about $34,000. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays set a $25.00 price target on Copart and gave the company an “underweight” rating in a report on Wednesday, August 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Stephens restated an “equal weight” rating and issued a $35.00 target price on shares of Copart in a research note on Thursday, August 20th. Finally, Freedom Capital raised Copart to a “strong-buy” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $41.50.

Copart Price Performance

Shares of NASDAQ CPRT opened at $32.47 on Wednesday. The stock has a market capitalization of $30.06 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.99 and a beta of 1.03. The business has a 50-day moving average of $29.90 and a 200-day moving average of $32.31. Copart, Inc. has a fifty-two week low of $26.81 and a fifty-two week high of $50.11.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 27,745 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.60% of the company’s stock.

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.