UniSuper Management Pty Ltd Has $3.98 Million Position in Copart, Inc. $CPRT

UniSuper Management Pty Ltd lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 16.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 88,594 shares of the business services provider’s stock after buying an additional 12,791 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Copart were worth $3,984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GC Wealth Management RIA LLC bought a new stake in shares of Copart during the second quarter worth approximately $219,000. Shell Asset Management Co. lifted its holdings in Copart by 6.7% during the 2nd quarter. Shell Asset Management Co. now owns 167,910 shares of the business services provider’s stock worth $8,239,000 after purchasing an additional 10,559 shares during the last quarter. Nordea Investment Management AB boosted its stake in Copart by 3.5% in the 2nd quarter. Nordea Investment Management AB now owns 753,973 shares of the business services provider’s stock valued at $36,153,000 after purchasing an additional 25,564 shares during the period. California Public Employees Retirement System grew its holdings in Copart by 89.0% in the 2nd quarter. California Public Employees Retirement System now owns 2,548,275 shares of the business services provider’s stock valued at $125,044,000 after buying an additional 1,200,035 shares in the last quarter. Finally, Lord & Richards Wealth Management LLC increased its position in Copart by 32.6% during the 2nd quarter. Lord & Richards Wealth Management LLC now owns 34,245 shares of the business services provider’s stock worth $1,680,000 after buying an additional 8,413 shares during the period. Institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CPRT shares. JPMorgan Chase & Co. decreased their price target on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. CJS Securities raised shares of Copart to a “strong-buy” rating in a report on Thursday, December 11th. Barclays reaffirmed an “underweight” rating and set a $33.00 target price (up from $32.00) on shares of Copart in a report on Friday, November 21st. Robert W. Baird cut their price target on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Insiders Place Their Bets

In related news, Director Thomas N. Tryforos sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total value of $3,907,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Liaw sold 25,137 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $40.17, for a total value of $1,009,753.29. Following the transaction, the chief executive officer directly owned 55,970 shares of the company’s stock, valued at approximately $2,248,314.90. The trade was a 30.99% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 9.60% of the company’s stock.

Copart Trading Up 0.3%

Shares of NASDAQ:CPRT opened at $41.54 on Tuesday. The firm has a 50 day moving average of $39.54 and a 200-day moving average of $43.50. Copart, Inc. has a 12 month low of $37.41 and a 12 month high of $63.85. The stock has a market capitalization of $40.21 billion, a PE ratio of 25.33 and a beta of 1.10.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Copart had a net margin of 34.24% and a return on equity of 17.78%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business posted $0.37 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

About Copart

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.