Copart, Inc. $CPRT Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,931 shares of the business services provider’s stock after selling 37,422 shares during the period. Royal London Asset Management Ltd.’s holdings in Copart were worth $12,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Copart by 92.1% in the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 6,817 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Copart by 365.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock worth $63,000 after purchasing an additional 878 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Copart during the 2nd quarter worth about $2,677,000. Sei Investments Co. lifted its stake in Copart by 110.0% in the 2nd quarter. Sei Investments Co. now owns 900,330 shares of the business services provider’s stock valued at $44,179,000 after buying an additional 471,571 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Copart by 3.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider’s stock worth $20,270,000 after buying an additional 13,860 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the sale, the chief executive officer directly owned 99,641 shares in the company, valued at $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPRT has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Barclays set a $25.00 price target on Copart and gave the stock an “underweight” rating in a research note on Wednesday, August 26th. Jefferies Financial Group set a $45.00 price target on Copart in a research report on Friday, May 22nd. Freedom Capital raised Copart to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Zacks Research lowered Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Three 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 issued a Sell rating to the stock. According to data from MarketBeat, Copart presently has an average rating of “Hold” and an average target price of $41.50.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $32.99 on Tuesday. The stock has a market cap of $30.54 billion, a PE ratio of 20.49 and a beta of 1.01. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11. The company has a 50-day moving average of $29.84 and a 200 day moving average of $32.36.

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.