Copart, Inc. $CPRT Stock Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in Copart, Inc. (NASDAQ:CPRT) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 546,325 shares of the business services provider’s stock after buying an additional 75,388 shares during the period. Handelsbanken Fonder AB owned approximately 0.06% of Copart worth $21,389,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Copart by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 108,990,652 shares of the business services provider’s stock valued at $4,901,310,000 after purchasing an additional 2,581,784 shares during the period. Principal Financial Group Inc. raised its stake in Copart by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 40,175,058 shares of the business services provider’s stock valued at $1,806,674,000 after purchasing an additional 1,236,101 shares during the period. State Street Corp raised its stake in Copart by 1.8% during the 3rd quarter. State Street Corp now owns 37,062,931 shares of the business services provider’s stock valued at $1,666,720,000 after purchasing an additional 656,428 shares during the period. Invesco Ltd. raised its stake in Copart by 7.6% during the 3rd quarter. Invesco Ltd. now owns 10,931,871 shares of the business services provider’s stock valued at $491,606,000 after purchasing an additional 771,573 shares during the period. Finally, Northern Trust Corp raised its stake in Copart by 1.1% during the 3rd quarter. Northern Trust Corp now owns 8,931,216 shares of the business services provider’s stock valued at $401,637,000 after purchasing an additional 97,411 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CPRT shares. JPMorgan Chase & Co. lowered their price target on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Barclays restated an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings cut shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Robert W. Baird set a $48.00 price target on shares of Copart and gave the company an “outperform” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Copart has an average rating of “Hold” and an average target price of $44.40.

Copart Stock Down 0.2%

Shares of NASDAQ:CPRT opened at $33.04 on Thursday. The business has a 50 day moving average price of $33.35 and a 200 day moving average price of $37.29. Copart, Inc. has a twelve month low of $32.20 and a twelve month high of $61.66. The company has a market cap of $31.83 billion, a price-to-earnings ratio of 20.65 and a beta of 1.02.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Copart had a net margin of 33.76% and a return on equity of 16.68%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $0.40 EPS. Copart’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the sale, the chief executive officer owned 79,532 shares in the company, valued at approximately $2,638,871.76. This trade represents a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.60% of the company’s stock.

Copart Profile

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.