One Wealth Advisors LLC Takes $734,000 Position in Copart, Inc. $CPRT

One Wealth Advisors LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,054 shares of the business services provider’s stock, valued at approximately $734,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Copart by 1.3% in the 4th 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 last quarter. Capital World Investors lifted its position in shares of Copart by 25.1% during the 4th quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock worth $1,085,588,000 after purchasing an additional 5,555,101 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Copart by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 23,255,161 shares of the business services provider’s stock worth $906,836,000 after purchasing an additional 131,703 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Copart by 21.7% during the fourth 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 purchasing an additional 3,918,610 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Copart during the fourth quarter worth $569,569,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Jefferies Financial Group set a $45.00 price target on Copart in a research note on Friday, May 22nd. Freedom Capital raised Copart to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Barclays set a $26.00 price objective on Copart and gave the company an “underweight” rating in a report on Tuesday, July 21st. Finally, Zacks Research lowered Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Three 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 stock. According to data from MarketBeat, Copart currently has a consensus rating of “Hold” and an average target price of $43.50.

Copart Trading Up 7.6%

Shares of Copart stock opened at $31.61 on Friday. The company has a fifty day simple moving average of $29.30 and a 200-day simple moving average of $32.98. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11. The stock has a market cap of $29.26 billion, a price-to-earnings ratio of 19.63 and a beta of 1.01.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Copart had a net margin of 33.48% and a return on equity of 16.63%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction dated 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 approximately $3,038,054.09. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.60% of the stock is owned by corporate insiders.

Copart Company 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.