Centaurus Financial Inc. Makes New $1.81 Million Investment in Copart, Inc. $CPRT

Centaurus Financial Inc. acquired a new stake in Copart, Inc. (NASDAQ:CPRT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 64,358 shares of the business services provider’s stock, valued at approximately $1,814,000.

Several other large investors also recently modified their holdings of CPRT. Jefferies Financial Group Inc. acquired a new position in Copart in the 2nd quarter valued at about $611,000. Public Employees Retirement System of Ohio bought a new stake in shares of Copart during the second quarter worth approximately $7,088,000. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Copart in the second quarter valued at approximately $230,000. PenderFund Capital Management Ltd. bought a new position in shares of Copart during the second quarter worth approximately $1,238,000. Finally, One68 Global Capital LLC acquired a new stake in Copart during the 2nd quarter worth approximately $282,000. 85.78% of the stock is owned by institutional investors.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $32.76 on Friday. The stock has a market capitalization of $30.33 billion, a P/E ratio of 20.35 and a beta of 1.01. The stock’s fifty day moving average is $29.72 and its 200 day moving average is $32.47. Copart, Inc. has a 52 week low of $26.81 and a 52 week high of $50.11.

Analysts Set New Price Targets

CPRT has been the topic of a number of research reports. Stephens reaffirmed an “equal weight” rating and issued a $35.00 price objective on shares of Copart in a report on Thursday, August 20th. Jefferies Financial Group set a $45.00 price target on shares of Copart in a research report on Friday, May 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Zacks Research cut shares of Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Freedom Capital upgraded Copart to a “strong-buy” rating in a research note on Friday, June 26th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Copart presently has an average rating of “Hold” and a consensus target price of $41.50.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total value of $845,945.05. Following the transaction, the chief executive officer directly owned 99,641 shares of the company’s stock, valued at $3,038,054.09. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.60% of the stock is currently owned by corporate insiders.

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.