Y Intercept Hong Kong Ltd Has $7.09 Million Holdings in Copart, Inc. $CPRT

Y Intercept Hong Kong Ltd increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 12.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 213,529 shares of the business services provider’s stock after purchasing an additional 23,474 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Copart were worth $7,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in Copart during the 4th quarter worth $569,569,000. Capital World Investors grew its position in shares of Copart by 25.1% in the 4th quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock valued at $1,085,588,000 after buying an additional 5,555,101 shares during the last quarter. Capital International Investors bought a new stake in shares of Copart in the 4th quarter valued at about $195,637,000. Deutsche Bank AG increased its stake in shares of Copart by 94.0% in the fourth quarter. Deutsche Bank AG now owns 9,955,661 shares of the business services provider’s stock valued at $389,764,000 after buying an additional 4,823,111 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Copart by 21.7% in the fourth quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock valued at $860,618,000 after buying an additional 3,918,610 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research report on Friday, June 26th. Jefferies Financial Group set a $45.00 price target on shares of Copart in a report on Friday, May 22nd. Finally, Weiss Ratings downgraded shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Three investment 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 company’s stock. According to data from MarketBeat.com, Copart currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Insiders Place Their Bets

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 value of $869,747.34. Following the completion of the sale, the chief executive officer directly owned 79,532 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.60% of the company’s stock.

Copart Stock Performance

Shares of Copart stock opened at $30.01 on Friday. The business has a 50-day moving average price of $31.79 and a two-hundred day moving average price of $35.25. Copart, Inc. has a 1-year low of $27.84 and a 1-year high of $50.11. The company has a market cap of $27.78 billion, a P/E ratio of 18.64 and a beta of 1.02.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $0.42 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast 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.