Copart, Inc. $CPRT Shares Bought by Ycg LLC

Ycg LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,293,787 shares of the business services provider’s stock after acquiring an additional 120,377 shares during the period. Copart accounts for approximately 4.4% of Ycg LLC’s portfolio, making the stock its 8th biggest holding. Ycg LLC owned 0.13% of Copart worth $58,182,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CPRT. Tripletail Wealth Management LLC purchased a new stake in shares of Copart during the third quarter worth about $27,000. Atticus Wealth Management LLC purchased a new stake in Copart in the 2nd quarter worth approximately $31,000. Ameritas Advisory Services LLC acquired a new position in Copart in the 2nd quarter valued at $31,000. Creekmur Asset Management LLC lifted its stake in shares of Copart by 1,063.0% during the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after purchasing an additional 574 shares during the period. Finally, Bank of Jackson Hole Trust boosted its holdings in shares of Copart by 83.8% during the second quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 0.5%

CPRT opened at $41.04 on Friday. Copart, Inc. has a 52-week low of $37.41 and a 52-week high of $63.85. The company has a 50 day moving average of $39.55 and a two-hundred day moving average of $43.88. The company has a market cap of $39.73 billion, a P/E ratio of 25.02 and a beta of 1.10.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Copart had a net margin of 34.24% and a return on equity of 17.78%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity

In other Copart news, CEO Jeffrey Liaw sold 25,137 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $40.17, for a total value of $1,009,753.29. Following the completion of the sale, the chief executive officer owned 55,970 shares of the company’s stock, valued at $2,248,314.90. This trade represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas N. Tryforos sold 100,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. The disclosure for this sale is available in the SEC filing. 9.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CPRT has been the subject of several analyst reports. Robert W. Baird dropped their target price on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. CJS Securities raised shares of Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays restated an “underweight” rating and issued a $33.00 target price (up from $32.00) on shares of Copart in a report on Friday, November 21st. JPMorgan Chase & Co. cut their price target on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Copart has an average rating of “Moderate Buy” and an average target price of $47.60.

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.