USS Investment Management Ltd Acquires 22,455 Shares of Copart, Inc. $CPRT

USS Investment Management Ltd lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 13.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 195,364 shares of the business services provider’s stock after purchasing an additional 22,455 shares during the quarter. USS Investment Management Ltd’s holdings in Copart were worth $6,483,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CPRT. Quadrant Capital Group LLC lifted 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 buying an additional 264 shares in the last quarter. Sierra Legacy Group increased its position in shares of Copart by 1.9% during the fourth quarter. Sierra Legacy Group now owns 13,880 shares of the business services provider’s stock worth $543,000 after acquiring an additional 265 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Copart by 23.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after acquiring an additional 266 shares during the period. Brown Miller Wealth Management LLC lifted its position in Copart by 3.8% in the 4th quarter. Brown Miller Wealth Management LLC now owns 7,310 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 268 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in Copart by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 282 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the sale, the chief executive officer owned 79,532 shares in the company, valued at $2,638,871.76. This represents a 24.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 9.60% of the stock is owned by company insiders.

Copart Trading Up 4.2%

Shares of CPRT stock opened at $30.01 on Friday. The firm’s fifty day moving average price is $31.86 and its two-hundred day moving average price is $35.29. Copart, Inc. has a 1 year low of $27.84 and a 1 year high of $50.11. The firm has a market capitalization of $27.78 billion, a P/E ratio of 18.64 and a beta of 1.02.

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

Analyst Ratings Changes

A number of research firms have issued reports on CPRT. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group set a $45.00 price target on Copart in a report on Friday, May 22nd. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Freedom Capital raised Copart to a “strong-buy” rating in a research report on Friday, June 26th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.50.

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.