Rathbones Group PLC Grows Position in Copart, Inc. $CPRT

Rathbones Group PLC boosted its stake in Copart, Inc. (NASDAQ:CPRTFree Report) by 990.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 90,009 shares of the business services provider’s stock after buying an additional 81,758 shares during the quarter. Rathbones Group PLC’s holdings in Copart were worth $3,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Copart by 13.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 371,603 shares of the business services provider’s stock valued at $16,711,000 after buying an additional 45,346 shares during the last quarter. Nordea Investment Management AB raised its position in Copart by 4.1% in the 4th quarter. Nordea Investment Management AB now owns 798,087 shares of the business services provider’s stock valued at $31,353,000 after buying an additional 31,658 shares during the last quarter. Principal Financial Group Inc. raised its position in Copart by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 40,175,058 shares of the business services provider’s stock valued at $1,806,674,000 after buying an additional 1,236,101 shares during the last quarter. Yacktman Asset Management LP purchased a new stake in Copart in the 3rd quarter valued at $3,382,000. Finally, Comgest Global Investors S.A.S. raised its position in Copart by 7.2% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 3,181,919 shares of the business services provider’s stock valued at $143,091,000 after buying an additional 212,520 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Performance

CPRT stock opened at $33.79 on Friday. The company has a market capitalization of $32.55 billion, a price-to-earnings ratio of 20.99 and a beta of 1.02. Copart, Inc. has a fifty-two week low of $32.20 and a fifty-two week high of $58.07. The stock has a fifty day moving average of $33.28 and a 200-day moving average of $37.21.

Copart (NASDAQ:CPRTGet Free Report) last posted its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. Copart had a return on equity of 16.31% and a net margin of 33.48%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. Equities analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CPRT shares. Robert W. Baird set a $48.00 target price on Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. decreased their target price on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Copart has a consensus rating of “Hold” and a consensus price target of $44.50.

Get Our Latest Report on CPRT

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the completion of the transaction, the chief executive officer owned 79,532 shares in the company, valued at approximately $2,638,871.76. This represents a 24.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.60% of the company’s stock.

Copart News Roundup

Here are the key news stories impacting Copart this week:

Copart Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRTFree Report).

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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