Copart, Inc. $CPRT Stock Holdings Boosted by MUFG Securities EMEA plc

MUFG Securities EMEA plc lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 114.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,511 shares of the business services provider’s stock after acquiring an additional 19,484 shares during the period. MUFG Securities EMEA plc’s holdings in Copart were worth $1,429,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB grew its position in Copart by 4.1% in the 4th quarter. Nordea Investment Management AB now owns 798,087 shares of the business services provider’s stock valued at $31,353,000 after buying an additional 31,658 shares in the last quarter. Comgest Global Investors S.A.S. grew its position in Copart by 7.2% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 3,181,919 shares of the business services provider’s stock valued at $143,091,000 after buying an additional 212,520 shares in the last quarter. Davidson Kahn Capital Management LLC grew its position in Copart by 56.3% in the 4th quarter. Davidson Kahn Capital Management LLC now owns 100,151 shares of the business services provider’s stock valued at $3,921,000 after buying an additional 36,091 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Copart by 21.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 249,396 shares of the business services provider’s stock valued at $11,215,000 after buying an additional 43,292 shares in the last quarter. Finally, Gotham Asset Management LLC grew its position in Copart by 193.6% in the 3rd quarter. Gotham Asset Management LLC now owns 944,876 shares of the business services provider’s stock valued at $42,491,000 after buying an additional 623,012 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 4.5%

Shares of NASDAQ CPRT opened at $30.86 on Wednesday. Copart, Inc. has a twelve month low of $30.43 and a twelve month high of $51.15. The company has a market capitalization of $28.57 billion, a price-to-earnings ratio of 19.17 and a beta of 1.00. The firm has a 50-day moving average of $33.22 and a two-hundred day moving average of $36.82.

Copart (NASDAQ:CPRT) last issued 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 during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company earned $0.42 EPS. Copart’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts predict that Copart, Inc. will post 1.58 earnings per share for the current year.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CPRT shares. Barclays reiterated an “underweight” rating and issued a $32.00 target price (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. cut their price target on shares of Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Robert W. Baird set a $48.00 price target on shares of Copart and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group set a $45.00 price target on shares of Copart in a report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Copart currently has a consensus rating of “Hold” and an average target price of $44.50.

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.