OMERS ADMINISTRATION Corp Purchases Shares of 50,991 Copart, Inc. $CPRT

OMERS ADMINISTRATION Corp acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 50,991 shares of the business services provider’s stock, valued at approximately $1,437,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quadrant Capital Group LLC grew its stake in Copart by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock valued at $931,000 after purchasing an additional 264 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Copart by 23.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after purchasing an additional 266 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Copart by 4.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock worth $250,000 after purchasing an additional 282 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Copart by 11.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock worth $109,000 after purchasing an additional 288 shares in the last quarter. Finally, American Trust boosted its holdings in shares of Copart by 2.1% in the 3rd quarter. American Trust now owns 14,230 shares of the business services provider’s stock valued at $640,000 after buying an additional 295 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CPRT. Jefferies Financial Group set a $45.00 target price on shares of Copart in a research note on Friday, May 22nd. Barclays set a $25.00 price target on shares of Copart and gave the stock an “underweight” rating in a research report on Wednesday. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research report on Friday, June 26th. Zacks Research lowered shares of Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Copart has a consensus rating of “Hold” and a consensus target price of $41.50.

Copart Price Performance

Shares of CPRT opened at $32.67 on Thursday. The firm has a market capitalization of $30.25 billion, a PE ratio of 20.29 and a beta of 1.01. The company’s 50-day moving average is $29.67 and its 200-day moving average is $32.52. Copart, Inc. has a fifty-two week low of $26.81 and a fifty-two week high of $50.11.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the 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 transaction, the chief executive officer directly owned 99,641 shares of the company’s stock, valued at $3,038,054.09. This represents a 21.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.60% of the company’s stock.

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.