First Manhattan CO. LLC. Purchases 761,444 Shares of Copart, Inc. $CPRT

Posted by Francis Steltz on Jun 18th, 2026

First Manhattan CO. LLC. increased its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 19.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,732,646 shares of the business services provider’s stock after buying an additional 761,444 shares during the period. First Manhattan CO. LLC.’s holdings in Copart were worth $185,283,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of Copart by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 798,087 shares of the business services provider’s stock worth $31,353,000 after buying an additional 31,658 shares in the last quarter. Comgest Global Investors S.A.S. grew its holdings in shares of Copart by 7.2% during the third quarter. Comgest Global Investors S.A.S. now owns 3,181,919 shares of the business services provider’s stock worth $143,091,000 after buying an additional 212,520 shares in the last quarter. Davidson Kahn Capital Management LLC boosted its position in Copart by 56.3% during the fourth quarter. Davidson Kahn Capital Management LLC now owns 100,151 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 36,091 shares during the last quarter. ABN Amro Investment Solutions boosted its position in Copart by 82.5% during the fourth quarter. ABN Amro Investment Solutions now owns 199,794 shares of the business services provider’s stock valued at $7,822,000 after purchasing an additional 90,339 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in Copart by 21.0% during the third quarter. Integrated Wealth Concepts LLC now owns 249,396 shares of the business services provider’s stock valued at $11,215,000 after purchasing an additional 43,292 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jeffrey Liaw sold 26,213 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was 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. This trade represents a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on CPRT

Copart Stock Down 4.0%

CPRT opened at $29.52 on Thursday. Copart, Inc. has a 12-month low of $29.50 and a 12-month high of $50.11. The stock has a market cap of $27.33 billion, a price-to-earnings ratio of 18.34 and a beta of 1.00. The business has a 50 day moving average of $32.67 and a 200-day moving average of $36.00.

Copart (NASDAQ:CPRT – Get Free Report) last released its quarterly earnings data 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 return on equity of 16.63% and a net margin of 33.48%.The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm posted $0.42 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that Copart, Inc. will post 1.58 earnings per share for the current year.

Copart Profile

(Free Report)

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.

First Manhattan CO. LLC. Purchases 761,444 Shares of Copart, Inc. $CPRT

Insider Activity

Wall Street Analyst Weigh In

Copart Stock Down 4.0%

Copart Profile

Recommended Stories

You might be interested in: