220,523 Shares in Copart, Inc. $CPRT Bought by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 220,523 shares of the business services provider’s stock, valued at approximately $6,217,000.

Several other large investors also recently bought and sold shares of CPRT. BlackRock Inc. purchased a new position in shares of Copart in the second quarter valued at $1,908,980,000. State Street Corp boosted its position in shares of Copart by 1.3% in the 4th quarter. State Street Corp now owns 37,555,437 shares of the business services provider’s stock worth $1,470,295,000 after buying an additional 492,506 shares in the last quarter. Capital World Investors grew its stake in Copart by 25.1% in the 4th quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock valued at $1,085,588,000 after acquiring an additional 5,555,101 shares during the last quarter. Geode Capital Management LLC grew its stake in Copart by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 23,255,161 shares of the business services provider’s stock valued at $906,836,000 after acquiring an additional 131,703 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Copart by 21.7% during the 4th quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock valued at $860,618,000 after acquiring an additional 3,918,610 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CPRT. Jefferies Financial Group set a $45.00 price target on shares of Copart in a report on Friday, May 22nd. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Stephens reaffirmed an “equal weight” rating and issued a $35.00 target price on shares of Copart in a research note on Thursday, August 20th. Finally, Barclays set a $25.00 target price on Copart and gave the company an “underweight” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.50.

Copart Stock Performance

Shares of CPRT stock opened at $32.99 on Monday. The company has a market capitalization of $30.54 billion, a price-to-earnings ratio of 20.49 and a beta of 1.01. The firm has a 50-day moving average price of $29.77 and a 200 day moving average price of $32.41. Copart, Inc. has a twelve month low of $26.81 and a twelve month high of $50.11.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 27,745 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the transaction, the chief executive officer owned 99,641 shares of the company’s stock, valued at $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.