Copart, Inc. $CPRT Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Copart, Inc. (NASDAQ:CPRT) by 19.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,536,117 shares of the business services provider’s stock after acquiring an additional 1,386,409 shares during the quarter. Victory Capital Management Inc.’s holdings in Copart were worth $334,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Clarkston Capital Partners LLC bought a new position in Copart during the 4th quarter worth $14,489,000. Korea Investment CORP grew its stake in Copart by 63.5% during the 4th quarter. Korea Investment CORP now owns 952,156 shares of the business services provider’s stock worth $37,277,000 after buying an additional 369,815 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in Copart by 4.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 190,055 shares of the business services provider’s stock worth $7,441,000 after buying an additional 7,401 shares during the last quarter. Wealthspire Advisors LLC grew its stake in Copart by 354.9% during the 4th quarter. Wealthspire Advisors LLC now owns 7,196 shares of the business services provider’s stock worth $282,000 after buying an additional 5,614 shares during the last quarter. Finally, Geo Capital Gestora de Recursos Ltd bought a new position in Copart during the 4th quarter worth $2,280,000. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

NASDAQ:CPRT opened at $30.75 on Friday. Copart, Inc. has a 1 year low of $29.97 and a 1 year high of $50.11. The stock has a market cap of $28.47 billion, a price-to-earnings ratio of 19.10 and a beta of 1.00. The business has a fifty day moving average of $32.85 and a 200-day moving average of $36.20.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Copart, Inc. will post 1.58 EPS for the current year.

Analyst Ratings Changes

CPRT has been the subject of a number of recent research reports. Robert W. Baird set a $48.00 price objective on Copart and gave the stock an “outperform” rating in a research note on Friday, February 20th. Jefferies Financial Group set a $45.00 price objective on Copart in a research note on Friday, May 22nd. Barclays restated an “underweight” rating and set a $32.00 price objective (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.50.

Insider Activity

In other news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction 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 transaction, the chief executive officer owned 79,532 shares of the company’s stock, valued at approximately $2,638,871.76. This represents a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 9.60% of the company’s stock.

About Copart

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.