Two Sigma Securities LLC Takes $805,000 Position in Copart, Inc. $CPRT

Two Sigma Securities LLC purchased a new position in shares of Copart, Inc. (NASDAQ:CPRTFree Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 28,543 shares of the business services provider’s stock, valued at approximately $805,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in Copart by 92.1% in the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after buying an additional 6,817 shares during the period. Geneos Wealth Management Inc. boosted its stake in Copart by 365.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 878 shares during the last quarter. Jump Financial LLC acquired a new stake in Copart during the 2nd quarter worth $2,677,000. Sei Investments Co. grew its holdings in Copart by 110.0% during the 2nd quarter. Sei Investments Co. now owns 900,330 shares of the business services provider’s stock worth $44,179,000 after acquiring an additional 471,571 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Copart by 3.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider’s stock valued at $20,270,000 after acquiring an additional 13,860 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the transaction, the chief executive officer directly owned 99,641 shares of the company’s stock, valued at approximately $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.60% of the company’s stock.

Copart Stock Down 1.6%

CPRT opened at $32.47 on Wednesday. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11. The company has a fifty day simple moving average of $29.90 and a 200 day simple moving average of $32.31. The stock has a market cap of $30.06 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.99 and a beta of 1.03.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CPRT shares. Stephens reissued an “equal weight” rating and issued a $35.00 price target on shares of Copart in a research note on Thursday, August 20th. Freedom Capital raised Copart to a “strong-buy” rating in a research note on Friday, June 26th. Zacks Research downgraded Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Jefferies Financial Group set a $45.00 target price on Copart in a research note on Friday, May 22nd. Finally, Barclays set a $25.00 target price on Copart and gave the stock an “underweight” rating in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.50.

Read Our Latest Analysis on CPRT

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.

See Also

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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