Copart, Inc. $CPRT Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 10.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 731,235 shares of the business services provider’s stock after buying an additional 71,094 shares during the period. NEOS Investment Management LLC’s holdings in Copart were worth $20,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in shares of Copart by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after buying an additional 264 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Copart by 23.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 266 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in Copart by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 282 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Copart by 11.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 288 shares during the period. Finally, American Trust boosted its position in Copart by 2.1% in the 3rd quarter. American Trust now owns 14,230 shares of the business services provider’s stock worth $640,000 after purchasing an additional 295 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.4%

Shares of CPRT stock opened at $33.72 on Friday. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $49.16. The business’s 50 day moving average is $30.07 and its two-hundred day moving average is $32.26. The company has a market capitalization of $31.22 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.02 and a beta of 1.03.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group set a $45.00 price objective on shares of Copart in a research note on Friday, May 22nd. Stephens reiterated an “equal weight” rating and issued a $35.00 target price on shares of Copart in a research note on Thursday, August 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. JPMorgan Chase & Co. upgraded shares of Copart from a “neutral” rating to an “overweight” rating and raised their price target for the company from $32.00 to $40.00 in a research report on Thursday. Finally, Freedom Capital raised shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.83.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 27,745 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,038,054.09. This trade represents a 21.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.60% of the stock is currently owned by insiders.

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.