Deutsche Bank AG Has $389.76 Million Stock Position in Copart, Inc. $CPRT

Deutsche Bank AG increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 94.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,955,661 shares of the business services provider’s stock after purchasing an additional 4,823,111 shares during the period. Deutsche Bank AG’s holdings in Copart were worth $389,764,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new stake in Copart during the fourth quarter worth approximately $25,000. FNY Investment Advisers LLC acquired a new stake in Copart during the third quarter worth approximately $36,000. Aventura Private Wealth LLC acquired a new stake in Copart during the fourth quarter worth approximately $33,000. Board of the Pension Protection Fund acquired a new stake in Copart during the fourth quarter worth approximately $35,000. Finally, Geneos Wealth Management Inc. grew its stake in Copart by 365.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock worth $63,000 after purchasing an additional 878 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total value of $869,747.34. Following the transaction, the chief executive officer owned 79,532 shares in the company, valued at approximately $2,638,871.76. This represents a 24.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.60% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $31.36 on Thursday. The business’s 50 day simple moving average is $32.94 and its two-hundred day simple moving average is $36.31. The firm has a market cap of $29.03 billion, a P/E ratio of 19.48 and a beta of 1.00. Copart, Inc. has a 52-week low of $29.97 and a 52-week high of $50.91.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, equities analysts forecast that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CPRT. Robert W. Baird set a $48.00 target price on Copart and gave the stock an “outperform” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. decreased their target price on Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Barclays reiterated an “underweight” rating and issued a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Finally, Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.50.

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.