Copart, Inc. $CPRT Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its holdings in Copart, Inc. (NASDAQ:CPRT) by 50.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,966 shares of the business services provider’s stock after selling 12,315 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Copart were worth $577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in Copart in the 1st quarter worth approximately $26,000. Atticus Wealth Management LLC purchased a new stake in Copart in the 2nd quarter worth approximately $31,000. Accent Capital Management LLC purchased a new stake in Copart in the 1st quarter worth approximately $36,000. Financial Network Wealth Advisors LLC boosted its position in Copart by 152.6% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 783 shares of the business services provider’s stock worth $44,000 after purchasing an additional 473 shares in the last quarter. Finally, SouthState Corp purchased a new stake in Copart in the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total value of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares of the company’s stock, valued at $1,463,798.61. This trade represents a 43.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. The disclosure for this sale can be found here. 9.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on CPRT. Robert W. Baird lowered their price objective on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. HSBC set a $62.00 price objective on Copart and gave the stock a “buy” rating in a research report on Thursday, September 4th. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Stephens lowered their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Copart has an average rating of “Moderate Buy” and an average target price of $54.50.

Copart Stock Performance

Shares of CPRT stock opened at $44.96 on Wednesday. The stock’s fifty day moving average is $47.07 and its two-hundred day moving average is $51.80. The firm has a market capitalization of $43.51 billion, a P/E ratio of 28.10 and a beta of 1.03. Copart, Inc. has a fifty-two week low of $44.23 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. On average, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.