Universal Beteiligungs und Servicegesellschaft mbH Sells 43,783 Shares of Copart, Inc. $CPRT

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 858,450 shares of the business services provider’s stock after selling 43,783 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Copart were worth $38,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CPRT. Vanguard Group Inc. increased its position in shares of Copart by 2.1% during the second quarter. Vanguard Group Inc. now owns 106,408,868 shares of the business services provider’s stock valued at $5,221,483,000 after buying an additional 2,144,946 shares during the period. State Street Corp grew its stake in Copart by 3.3% during the second quarter. State Street Corp now owns 36,406,503 shares of the business services provider’s stock valued at $1,786,467,000 after acquiring an additional 1,167,265 shares in the last quarter. Geode Capital Management LLC grew its stake in Copart by 3.3% during the second quarter. Geode Capital Management LLC now owns 20,462,076 shares of the business services provider’s stock valued at $999,305,000 after acquiring an additional 656,333 shares in the last quarter. Norges Bank bought a new stake in Copart during the 2nd quarter worth approximately $549,448,000. Finally, Invesco Ltd. lifted its stake in Copart by 7.1% in the 2nd quarter. Invesco Ltd. now owns 10,160,298 shares of the business services provider’s stock worth $498,566,000 after purchasing an additional 670,061 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $41.31 on Thursday. The firm has a market capitalization of $39.99 billion, a PE ratio of 25.19 and a beta of 1.10. Copart, Inc. has a 52-week low of $37.41 and a 52-week high of $63.85. The firm has a fifty day moving average of $39.53 and a 200 day moving average of $43.67.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Copart had a return on equity of 17.78% and a net margin of 34.24%.The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 25,137 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the transaction, the chief executive officer directly owned 55,970 shares of the company’s stock, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas N. Tryforos sold 100,000 shares of the company’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 value of $3,907,000.00. The disclosure for this sale is available in the SEC filing. Company insiders own 9.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Robert W. Baird dropped their price objective on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Barclays restated an “underweight” rating and set a $33.00 target price (up from $32.00) on shares of Copart in a research report on Friday, November 21st. JPMorgan Chase & Co. decreased their target price on Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Finally, CJS Securities upgraded Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Two investment 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 issued a Sell rating to the stock. According to data from MarketBeat, Copart has a consensus rating of “Moderate Buy” and a consensus target price of $47.60.

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.