124,192 Shares in Copart, Inc. $CPRT Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of Copart, Inc. (NASDAQ:CPRTFree Report) in the fourth quarter, Holdings Channel reports. The firm acquired 124,192 shares of the business services provider’s stock, valued at approximately $4,862,000.

Several other hedge funds also recently added to or reduced their stakes in CPRT. Lodestone Wealth Management LLC acquired a new position in Copart during the 4th quarter valued at about $25,000. Aventura Private Wealth LLC acquired a new position in Copart during the 4th quarter valued at about $33,000. Board of the Pension Protection Fund acquired a new position in Copart during the 4th quarter valued at about $35,000. FNY Investment Advisers LLC acquired a new position in Copart during the 3rd quarter valued at about $36,000. Finally, Triumph Capital Management increased its position in Copart by 424.2% during the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock valued at $40,000 after buying an additional 823 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

Shares of CPRT stock opened at $30.75 on Friday. The stock’s 50-day simple moving average is $32.85 and its 200-day simple moving average is $36.20. The firm has a market capitalization of $28.47 billion, a PE ratio of 19.10 and a beta of 1.00. Copart, Inc. has a fifty-two week low of $29.97 and a fifty-two week high of $50.11.

Copart (NASDAQ:CPRTGet Free Report) last announced 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. The business had revenue of $1.24 billion for 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 was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. Sell-side analysts forecast that Copart, Inc. will post 1.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. 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 target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Finally, Robert W. Baird set a $48.00 target price on Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. Two investment 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.50.

Get Our Latest Stock Analysis on CPRT

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction dated Wednesday, April 15th. The stock was 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 of the company’s stock, valued at approximately $2,638,871.76. This represents a 24.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.60% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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