21,669 Shares in Copart, Inc. $CPRT Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 21,669 shares of the business services provider’s stock, valued at approximately $611,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Copart during the second quarter valued at approximately $1,908,980,000. Bank of New York Mellon Corp purchased a new position in shares of Copart in the second quarter worth $488,663,000. Deutsche Bank AG bought a new position in shares of Copart during the second quarter worth $436,413,000. Norges Bank bought a new position in shares of Copart during the fourth quarter worth $569,569,000. Finally, Bank of America Corp DE purchased a new position in Copart during the second quarter valued at $191,347,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 sale, the chief executive officer directly owned 99,641 shares of the company’s stock, valued at $3,038,054.09. This represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CPRT. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. Zacks Research downgraded Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Stephens reissued an “equal weight” rating and set a $35.00 price target on shares of Copart in a research note on Thursday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Copart presently has a consensus rating of “Hold” and an average target price of $41.50.

Copart Stock Performance

Copart stock opened at $32.99 on Tuesday. The firm has a 50-day moving average price of $29.84 and a 200-day moving average price of $32.36. The firm has a market capitalization of $30.54 billion, a PE ratio of 20.49 and a beta of 1.01. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11.

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.