467,093 Shares in Copart, Inc. $CPRT Bought by Danske Bank A S

Danske Bank A S purchased a new stake in Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 467,093 shares of the business services provider’s stock, valued at approximately $13,167,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Diversify Advisory Services LLC acquired a new position in Copart during the second quarter worth $301,000. Wealthfront Advisers LLC bought a new position in shares of Copart in the second quarter valued at $1,821,000. Park State Asset Management acquired a new position in shares of Copart during the second quarter valued at about $3,409,000. JLB & Associates Inc. acquired a new position in shares of Copart during the second quarter valued at about $9,591,000. Finally, Meeder Advisory Services Inc. bought a new stake in shares of Copart during the second quarter worth about $447,000. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CPRT. Stephens restated an “equal weight” rating and issued a $35.00 target price on shares of Copart in a report on Thursday. Jefferies Financial Group set a $45.00 price target on Copart in a research note on Friday, May 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Barclays set a $26.00 price objective on Copart and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, Freedom Capital upgraded Copart to a “strong-buy” rating in a report on Friday, June 26th. Three investment 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 MarketBeat.com, Copart has a consensus rating of “Hold” and a consensus target price of $41.67.

Copart Price Performance

NASDAQ CPRT opened at $34.33 on Friday. The company has a fifty day moving average price of $29.43 and a 200-day moving average price of $32.70. The firm has a market cap of $31.78 billion, a price-to-earnings ratio of 21.32 and a beta of 1.01. Copart, Inc. has a 1 year low of $26.81 and a 1 year high of $50.11.

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

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the stock in a transaction dated Tuesday, July 28th. The shares were 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 owned 99,641 shares in the company, valued at approximately $3,038,054.09. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.60% of the company’s stock.

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.