Pallas Capital Advisors LLC Takes $787,000 Position in Copart, Inc. $CPRT

Posted by Geri Gentry on Aug 19th, 2026

Pallas Capital Advisors LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,929 shares of the business services provider’s stock, valued at approximately $787,000.

Other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Copart by 1.3% during the fourth quarter. State Street Corp now owns 37,555,437 shares of the business services provider’s stock valued at $1,470,295,000 after purchasing an additional 492,506 shares during the period. Capital World Investors grew its stake in shares of Copart by 25.1% in the 4th quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock valued at $1,085,588,000 after buying an additional 5,555,101 shares during the period. Geode Capital Management LLC increased its position in Copart by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 23,255,161 shares of the business services provider’s stock valued at $906,836,000 after buying an additional 131,703 shares in the last quarter. Bank of New York Mellon Corp raised its stake in 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 worth $860,618,000 after buying an additional 3,918,610 shares during the period. Finally, Deutsche Bank AG acquired a new position in Copart during the 2nd quarter worth approximately $436,413,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $31.51 on Wednesday. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 19.57 and a beta of 1.01. Copart, Inc. has a fifty-two week low of $26.81 and a fifty-two week high of $50.11. The firm’s 50-day simple moving average is $29.32 and its 200 day simple moving average is $32.79.

Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. On average, sell-side analysts predict that Copart, Inc. will post 1.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CPRT shares. Freedom Capital upgraded Copart to a “strong-buy” rating in a report on Friday, June 26th. Barclays set a $26.00 target price on Copart and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. Zacks Research downgraded shares of Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.50.

Check Out Our Latest Analysis on Copart

Insider Activity

In related news, CEO Jeffrey Liaw sold 27,745 shares of Copart stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer owned 99,641 shares of the company’s stock, valued at $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.60% of the stock is currently owned by insiders.

Copart Company 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.