Copart, Inc. $CPRT Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,355,556 shares of the business services provider’s stock after acquiring an additional 174,963 shares during the period. Epoch Investment Partners Inc.’s holdings in Copart were worth $131,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new stake in shares of Copart during the 4th quarter worth about $25,000. Aventura Private Wealth LLC acquired a new stake in shares of Copart during the 4th quarter worth about $33,000. Board of the Pension Protection Fund acquired a new stake in shares of Copart during the 4th quarter worth about $35,000. FNY Investment Advisers LLC acquired a new stake in shares of Copart during the 3rd quarter worth about $36,000. Finally, Triumph Capital Management raised its position in shares of Copart by 424.2% during the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after acquiring an additional 823 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock 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. Barclays reissued an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. Robert W. Baird set a $48.00 target price on Copart and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.50.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of Copart stock in a transaction that occurred 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 transaction, the chief executive officer owned 79,532 shares of the company’s stock, valued at $2,638,871.76. The trade was a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 9.60% of the stock is currently owned by company insiders.

Copart Stock Down 1.0%

CPRT opened at $30.75 on Friday. The firm has a market cap of $28.47 billion, a price-to-earnings ratio of 19.10 and a beta of 1.00. Copart, Inc. has a 52 week low of $29.97 and a 52 week high of $50.11. The business’s 50 day moving average is $32.85 and its two-hundred day moving average is $36.20.

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

Copart Company 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.