99,252 Shares in Copart, Inc. $CPRT Acquired by Saber Capital Managment LLC

Saber Capital Managment LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 99,252 shares of the business services provider’s stock, valued at approximately $3,886,000. Copart makes up 3.2% of Saber Capital Managment LLC’s holdings, making the stock its 10th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in CPRT. Lodestone Wealth Management LLC purchased a new position in Copart during the fourth quarter worth approximately $25,000. Aventura Private Wealth LLC purchased a new position in Copart during the fourth quarter worth approximately $33,000. Board of the Pension Protection Fund purchased a new position in Copart during the fourth quarter worth approximately $35,000. FNY Investment Advisers LLC purchased a new position in Copart during the third quarter worth approximately $36,000. Finally, Triumph Capital Management lifted its position in Copart by 424.2% during the fourth quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after buying an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

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

Copart Price Performance

CPRT stock opened at $30.75 on Monday. The business has a fifty day moving average of $32.85 and a two-hundred day moving average of $36.18. The stock has a market cap of $28.47 billion, a price-to-earnings ratio of 19.10 and a beta of 1.01. Copart, Inc. has a 52-week low of $29.97 and a 52-week high of $50.11.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.58 EPS for the current year.

Analyst Ratings Changes

CPRT has been the topic of a number of analyst reports. Robert W. Baird set a $48.00 price objective on Copart and gave the stock an “outperform” rating in a research report on Friday, February 20th. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Barclays reissued an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Jefferies Financial Group set a $45.00 target price on Copart in a research note on Friday, May 22nd. Finally, Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.50.

About Copart

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.