Universal Beteiligungs und Servicegesellschaft mbH Has $27.94 Million Stake in Copart, Inc. $CPRT

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Copart, Inc. (NASDAQ:CPRT) by 17.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 711,189 shares of the business services provider’s stock after selling 147,261 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Copart were worth $27,939,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. AQR Capital Management LLC raised its holdings in Copart by 298.2% during the third quarter. AQR Capital Management LLC now owns 4,887,359 shares of the business services provider’s stock worth $217,243,000 after acquiring an additional 3,660,031 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Copart by 2,266.7% during the 3rd quarter. Van ECK Associates Corp now owns 3,689,003 shares of the business services provider’s stock worth $165,895,000 after purchasing an additional 3,533,133 shares during the last quarter. Akre Capital Management LLC increased its stake in shares of Copart by 253.1% during the 3rd quarter. Akre Capital Management LLC now owns 4,236,760 shares of the business services provider’s stock worth $190,527,000 after purchasing an additional 3,036,760 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Copart by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 108,990,652 shares of the business services provider’s stock valued at $4,901,310,000 after purchasing an additional 2,581,784 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Copart by 395.6% in the 3rd quarter. Marshall Wace LLP now owns 2,499,370 shares of the business services provider’s stock valued at $112,397,000 after purchasing an additional 1,995,074 shares during the period. 85.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CPRT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Copart in a research note on Monday, March 23rd. Robert W. Baird set a $48.00 price objective on Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. Zacks Research downgraded Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Finally, Barclays reissued an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a report on Monday, February 23rd. 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 given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.40.

Insiders Place Their Bets

In other news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 79,532 shares in the company, valued at approximately $2,638,871.76. This represents a 24.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.60% of the stock is owned by corporate insiders.

Copart Stock Performance

Shares of Copart stock opened at $33.88 on Friday. The firm has a 50-day moving average of $34.75 and a 200-day moving average of $38.70. Copart, Inc. has a 52-week low of $32.20 and a 52-week high of $63.85. The stock has a market cap of $32.64 billion, a PE ratio of 21.18 and a beta of 1.14.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.15 billion. Copart had a net margin of 33.76% and a return on equity of 16.68%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. Equities research analysts predict that Copart, Inc. will post 1.58 earnings per share 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.