Y Intercept Hong Kong Ltd Has $8.21 Million Stake in Copart, Inc. $CPRT

Y Intercept Hong Kong Ltd cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 36.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,654 shares of the business services provider’s stock after selling 107,027 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Copart were worth $8,214,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CPRT. Brighton Jones LLC raised its holdings in Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after acquiring an additional 6,817 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Copart by 365.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 878 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Copart during the second quarter worth about $1,292,000. AdvisorNet Financial Inc lifted its position in Copart by 504.7% during the second quarter. AdvisorNet Financial Inc now owns 2,183 shares of the business services provider’s stock worth $107,000 after purchasing an additional 1,822 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Copart by 7.0% during the second quarter. Public Employees Retirement System of Ohio now owns 390,140 shares of the business services provider’s stock worth $19,144,000 after buying an additional 25,470 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity at Copart

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

Wall Street Analyst Weigh In

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

Copart Price Performance

NASDAQ:CPRT opened at $41.40 on Friday. Copart, Inc. has a one year low of $37.41 and a one year high of $63.85. The company has a market cap of $40.08 billion, a PE ratio of 25.24 and a beta of 1.10. The firm’s 50 day simple moving average is $39.53 and its 200 day simple moving average is $43.60.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

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.