Copart, Inc. $CPRT Shares Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 362.4% during the first quarter, HoldingsChannel reports. The fund owned 151,778 shares of the business services provider’s stock after acquiring an additional 118,953 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Copart were worth $5,039,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mitchell & Pahl Private Wealth LLC increased its position in shares of Copart by 7.3% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 23,745 shares of the business services provider’s stock worth $788,000 after purchasing an additional 1,612 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Copart by 373.8% during the first quarter. Root Financial Partners LLC now owns 3,018 shares of the business services provider’s stock worth $100,000 after purchasing an additional 2,381 shares during the last quarter. Crown Oak Advisors LLC grew its stake in Copart by 2.6% in the first quarter. Crown Oak Advisors LLC now owns 186,514 shares of the business services provider’s stock worth $6,192,000 after purchasing an additional 4,796 shares in the last quarter. USS Investment Management Ltd grew its stake in Copart by 13.0% in the first quarter. USS Investment Management Ltd now owns 195,364 shares of the business services provider’s stock worth $6,483,000 after purchasing an additional 22,455 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in Copart by 8.8% in the first quarter. IFM Investors Pty Ltd now owns 189,742 shares of the business services provider’s stock valued at $6,299,000 after buying an additional 15,321 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPRT has been the topic of several research reports. Jefferies Financial Group set a $45.00 price objective on Copart in a research note on Friday, May 22nd. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Freedom Capital raised Copart to a “strong-buy” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $30.01 on Friday. The firm’s 50 day moving average is $31.79 and its two-hundred day moving average is $35.25. The firm has a market capitalization of $27.78 billion, a P/E ratio of 18.64 and a beta of 1.02. Copart, Inc. has a 52 week low of $27.84 and a 52 week high of $50.11.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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 business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Analysts predict that Copart, Inc. will post 1.58 EPS for the current year.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of Copart stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.60% of the stock is owned by insiders.

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.