Copart, Inc. $CPRT Shares Acquired by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 11.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,026 shares of the business services provider’s stock after buying an additional 18,180 shares during the period. Kinsale Capital Group Inc.’s holdings in Copart were worth $5,778,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CPRT. Norges Bank acquired a new stake in Copart in the 4th quarter valued at $569,569,000. Capital World Investors boosted its position in shares of Copart by 25.1% in the fourth quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock worth $1,085,588,000 after buying an additional 5,555,101 shares during the period. Capital International Investors acquired a new stake in shares of Copart in the fourth quarter valued at about $195,637,000. Deutsche Bank AG raised its holdings in shares of Copart by 94.0% during the 4th quarter. Deutsche Bank AG now owns 9,955,661 shares of the business services provider’s stock valued at $389,764,000 after buying an additional 4,823,111 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Copart by 21.7% during the 4th quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock valued at $860,618,000 after buying an additional 3,918,610 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

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Copart Stock Performance

NASDAQ:CPRT opened at $27.61 on Friday. The stock has a market cap of $25.56 billion, a price-to-earnings ratio of 17.15 and a beta of 1.02. Copart, Inc. has a one year low of $27.23 and a one year high of $50.11. The business’s 50-day simple moving average is $30.72 and its 200 day simple moving average is $34.48.

Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 earnings per share 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 firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $0.42 EPS. 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 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CPRT. Freedom Capital upgraded Copart to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings lowered 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 target price on shares of Copart in a research report on Friday, May 22nd. Finally, Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Copart currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

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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.

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