WINTON GROUP Ltd Lowers Holdings in Copart, Inc. $CPRT

WINTON GROUP Ltd lowered its position in Copart, Inc. (NASDAQ:CPRT) by 47.5% during the 2nd quarter, Holdings Channel reports. The firm owned 21,800 shares of the business services provider’s stock after selling 19,747 shares during the quarter. WINTON GROUP Ltd’s holdings in Copart were worth $615,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CPRT. BlackRock Inc. purchased a new position in Copart during the 2nd quarter worth $1,908,980,000. California State Teachers Retirement System lifted its holdings in shares of Copart by 2,995.5% in the 2nd quarter. California State Teachers Retirement System now owns 40,541,392 shares of the business services provider’s stock worth $1,142,862,000 after buying an additional 39,231,718 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Copart during the 2nd quarter worth $488,663,000. Deutsche Bank AG bought a new position in shares of Copart during the 2nd quarter worth $436,413,000. Finally, Norges Bank purchased a new position in shares of Copart during the fourth quarter valued at $569,569,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Copart

In other 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 sale, the chief executive officer directly owned 99,641 shares in the company, valued at approximately $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 is accessible through this hyperlink. Corporate insiders own 9.60% of the company’s stock.

Copart Price Performance

Shares of NASDAQ CPRT opened at $31.73 on Tuesday. Copart, Inc. has a 1-year low of $26.81 and a 1-year high of $48.77. The business has a fifty day moving average price of $30.40 and a 200 day moving average price of $32.02. The stock has a market capitalization of $29.38 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Copart had a net margin of 31.81% and a return on equity of 15.93%. Copart’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. As a group, equities research analysts anticipate that Copart, Inc. will post 1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on CPRT shares. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Barrington Research raised shares of Copart from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Friday. Finally, Barclays set a $25.00 price objective on shares of Copart and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Copart has an average rating of “Moderate Buy” and an average target price of $37.38.

Copart Profile

Copart, Inc (NASDAQ: CPRT) provides online vehicle auction and remarketing services. The company operates a global marketplace where damaged, recovered, used and other vehicles are sold primarily through online auctions. Its offerings include salvage and clean-title vehicles, with inventory sourced from insurance companies, banks, dealerships, fleet operators, rental companies, government agencies and other organizations.

Copart supports the vehicle remarketing process through inspection, storage, transportation, title processing and auction services.