Copart, Inc. $CPRT Shares Bought by Tema Etfs LLC

Tema Etfs LLC grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 59.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,424 shares of the business services provider’s stock after acquiring an additional 18,395 shares during the quarter. Tema Etfs LLC’s holdings in Copart were worth $2,223,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CPRT. Brighton Jones LLC raised its position in shares of Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 6,817 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Copart by 365.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 878 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Copart by 21.3% in the first quarter. Voya Investment Management LLC now owns 267,188 shares of the business services provider’s stock worth $15,120,000 after buying an additional 46,910 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Copart by 52.4% during the second quarter. Harbor Investment Advisory LLC now owns 1,478 shares of the business services provider’s stock worth $73,000 after buying an additional 508 shares during the period. Finally, Wesbanco Bank Inc. grew its holdings in shares of Copart by 64.7% during the second quarter. Wesbanco Bank Inc. now owns 7,653 shares of the business services provider’s stock valued at $376,000 after buying an additional 3,007 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. CJS Securities upgraded Copart to a “strong-buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. decreased their target price on Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Barclays reiterated an “underweight” rating and issued a $33.00 price target (up previously from $32.00) on shares of Copart in a report on Friday, November 21st. Finally, Robert W. Baird decreased their price objective on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Two equities research 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.com, Copart currently has an average rating of “Moderate Buy” and an average target price of $47.60.

Copart Trading Up 0.2%

Shares of CPRT stock opened at $39.92 on Tuesday. Copart, Inc. has a twelve month low of $37.41 and a twelve month high of $63.85. The stock has a market cap of $38.64 billion, a P/E ratio of 24.34 and a beta of 1.10. The stock has a 50 day moving average of $39.61 and a 200 day moving average of $44.05.

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

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total value of $3,907,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total value of $1,087,635.57. Following the sale, the chief executive officer owned 31,332 shares in the company, valued at $1,403,360.28. This trade represents a 43.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is currently owned by company insiders.

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.