Los Angeles Capital Management LLC Has $2.04 Million Holdings in Copart, Inc. $CPRT

Los Angeles Capital Management LLC lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 53.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,968 shares of the business services provider’s stock after selling 54,658 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Copart were worth $2,038,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new stake in shares of Copart during the fourth quarter valued at approximately $25,000. Aventura Private Wealth LLC purchased a new position in Copart during the fourth quarter valued at approximately $33,000. Board of the Pension Protection Fund purchased a new position in Copart during the fourth quarter valued at approximately $35,000. FNY Investment Advisers LLC purchased a new position in Copart during the third quarter valued at approximately $36,000. Finally, Larson Financial Group LLC grew its position in Copart by 36.7% during the third quarter. Larson Financial Group LLC now owns 1,363 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 366 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 1.5%

CPRT stock opened at $31.31 on Wednesday. The company has a market capitalization of $28.99 billion, a price-to-earnings ratio of 19.45 and a beta of 1.00. Copart, Inc. has a 12 month low of $29.97 and a 12 month high of $50.91. The firm has a 50 day moving average of $32.97 and a two-hundred day moving average of $36.38.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CPRT. JPMorgan Chase & Co. lowered their price objective on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Jefferies Financial Group set a $45.00 price objective on shares of Copart in a research report on Friday, May 22nd. Weiss Ratings downgraded shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Finally, Robert W. Baird set a $48.00 price objective on shares of Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Copart currently has an average rating of “Hold” and a consensus price target of $44.50.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value 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 $2,638,871.76. The trade was a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.60% of the stock is owned by corporate insiders.

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.