Prevatt Capital Ltd lifted its stake in Copart, Inc. (NASDAQ:CPRT – Free Report) by 64.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 700,000 shares of the business services provider’s stock after purchasing an additional 275,000 shares during the quarter. Copart comprises 6.3% of Prevatt Capital Ltd’s portfolio, making the stock its 7th biggest holding. Prevatt Capital Ltd owned about 0.07% of Copart worth $23,240,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Lodestone Wealth Management LLC purchased a new position in Copart during the fourth quarter worth $25,000. Cache Advisors LLC bought a new position in Copart during the first quarter valued at $31,000. Aventura Private Wealth LLC purchased a new stake in shares of Copart in the fourth quarter valued at $33,000. Reflection Asset Management purchased a new stake in shares of Copart in the fourth quarter valued at $34,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of Copart in the 4th quarter worth about $35,000. Institutional investors own 85.78% of the company’s stock.
Copart Trading Up 4.2%
NASDAQ:CPRT opened at $30.01 on Friday. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 18.64 and a beta of 1.02. Copart, Inc. has a twelve month low of $27.84 and a twelve month high of $50.11. The stock has a fifty day simple moving average of $31.86 and a 200-day simple moving average of $35.29.
Insider Transactions at Copart
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 value of $869,747.34. Following the transaction, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. This represents 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 currently owned by company insiders.
Wall Street Analysts Forecast Growth
CPRT has been the subject of a number of recent analyst reports. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings downgraded shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Jefferies Financial Group set a $45.00 price objective on shares of Copart in a research note on Friday, May 22nd. Finally, Freedom Capital upgraded Copart to a “strong-buy” rating in a research report on Friday, June 26th. Three investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.50.
Read Our Latest Report on CPRT
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.
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