Strs Ohio Purchases 45,430 Shares of Copart, Inc. $CPRT

Strs Ohio grew its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 21.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 253,887 shares of the business services provider’s stock after acquiring an additional 45,430 shares during the period. Strs Ohio’s holdings in Copart were worth $9,940,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of CPRT. Cloud Capital Management LLC bought a new position in Copart during the 3rd quarter worth $25,000. Lodestone Wealth Management LLC bought a new position in Copart during the 4th quarter worth $25,000. LRI Investments LLC raised its position in Copart by 125.2% during the 3rd quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock worth $29,000 after purchasing an additional 363 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Copart by 54.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock worth $31,000 after purchasing an additional 256 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in Copart during the 4th quarter worth $33,000. 85.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CPRT shares. Barclays reaffirmed an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. Robert W. Baird set a $48.00 price target on Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.40.

Read Our Latest Research Report on Copart

Copart Price Performance

Shares of Copart stock opened at $33.29 on Tuesday. Copart, Inc. has a one year low of $32.20 and a one year high of $63.85. The firm has a market capitalization of $32.07 billion, a price-to-earnings ratio of 20.81 and a beta of 1.02. The business has a 50-day simple moving average of $34.31 and a 200 day simple moving average of $38.23.

Copart (NASDAQ:CPRT – Get Free Report) last issued its earnings results on Thursday, February 19th. The business services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Copart had a net margin of 33.76% and a return on equity of 16.68%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts expect that Copart, Inc. will post 1.58 EPS for the current year.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of Copart stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the completion of the transaction, the chief executive officer owned 79,532 shares in the company, valued at approximately $2,638,871.76. The trade was a 24.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.60% of the stock is owned by insiders.

Copart Profile

(Free Report)

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.

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