Greenbrier Partners Capital Management LLC Invests $12.57 Million in Copart, Inc. $CPRT

Greenbrier Partners Capital Management LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 445,909 shares of the business services provider’s stock, valued at approximately $12,570,000. Copart makes up approximately 0.9% of Greenbrier Partners Capital Management LLC’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in Copart by 14.0% during the first quarter. Janney Montgomery Scott LLC now owns 333,624 shares of the business services provider’s stock worth $11,076,000 after buying an additional 41,060 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Copart by 6.4% in the second quarter. Handelsbanken Fonder AB now owns 578,452 shares of the business services provider’s stock valued at $16,307,000 after acquiring an additional 34,855 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in shares of Copart in the 2nd quarter worth about $1,298,000. Mill Capital Management LLC bought a new stake in shares of Copart in the 2nd quarter worth about $12,711,000. Finally, ABN Amro Investment Solutions boosted its stake in shares of Copart by 82.5% during the 4th quarter. ABN Amro Investment Solutions now owns 199,794 shares of the business services provider’s stock worth $7,822,000 after purchasing an additional 90,339 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 1.5%

Shares of CPRT opened at $33.80 on Friday. The firm has a fifty day moving average price of $29.49 and a 200-day moving average price of $32.71. The firm has a market capitalization of $31.29 billion, a P/E ratio of 20.99 and a beta of 1.01. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11.

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

Analyst Ratings Changes

Several equities analysts recently commented on CPRT shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Stephens reaffirmed an “equal weight” rating and set a $35.00 target price on shares of Copart in a research note on Thursday. Finally, Zacks Research downgraded Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.67.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the company’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 in the company, valued at $3,038,054.09. This represents a 21.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.60% of the stock is currently owned by company 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.