USS Investment Management Ltd Has $6.48 Million Stock Holdings in Copart, Inc. $CPRT

USS Investment Management Ltd boosted its position in Copart, Inc. (NASDAQ:CPRT) by 13.0% in the 1st quarter, HoldingsChannel reports. The firm owned 195,364 shares of the business services provider’s stock after acquiring an additional 22,455 shares during the period. USS Investment Management Ltd’s holdings in Copart were worth $6,483,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPRT. IFM Investors Pty Ltd boosted its stake in shares of Copart by 8.8% during the 1st quarter. IFM Investors Pty Ltd now owns 189,742 shares of the business services provider’s stock worth $6,299,000 after acquiring an additional 15,321 shares during the period. Harbor Investment Advisory LLC raised its stake in Copart by 21.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 7,951 shares of the business services provider’s stock valued at $264,000 after acquiring an additional 1,411 shares during the period. Conscious Wealth Investments LLC lifted its holdings in Copart by 11.8% during the 1st quarter. Conscious Wealth Investments LLC now owns 120,049 shares of the business services provider’s stock valued at $4,005,000 after purchasing an additional 12,693 shares during the last quarter. SevenBridge Financial Group LLC lifted its holdings in Copart by 52.5% during the 1st quarter. SevenBridge Financial Group LLC now owns 89,565 shares of the business services provider’s stock valued at $3,017,000 after purchasing an additional 30,844 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in Copart by 129.2% during the first quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the business services provider’s stock worth $45,000 after purchasing an additional 761 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

CPRT opened at $30.01 on Friday. Copart, Inc. has a fifty-two week low of $27.84 and a fifty-two week high of $50.11. The company has a market capitalization of $27.78 billion, a P/E ratio of 18.64 and a beta of 1.02. The stock has a fifty day moving average of $31.86 and a 200-day moving average of $35.29.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) 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 analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. Copart’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction dated 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 owned 79,532 shares of the company’s stock, valued at $2,638,871.76. The trade was a 24.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CPRT. Weiss Ratings lowered shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Jefferies Financial Group set a $45.00 price target on shares of Copart in a report on Friday, May 22nd. Finally, Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

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.