BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 142,911 Shares of Copart, Inc. $CPRT

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,653,187 shares of the business services provider’s stock after purchasing an additional 142,911 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.38% of Copart worth $164,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in shares of Copart in the 3rd quarter worth approximately $25,000. Tripletail Wealth Management LLC purchased a new stake in Copart during the third quarter valued at about $27,000. LRI Investments LLC grew its stake in shares of Copart by 125.2% during the third quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock valued at $29,000 after buying an additional 363 shares during the last quarter. Creekmur Asset Management LLC lifted its stake in shares of Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 574 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in Copart by 54.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Trending Headlines about Copart

Here are the key news stories impacting Copart this week:

• Positive Sentiment: Profitability held up: Copart reported a strong net margin (~34.24%) and solid return on equity (17.78%), with net income of about $350.7M for the quarter — indicating the business still generates high-margin cash flow despite volume pressures. BusinessWire Release
• Neutral Sentiment: Conference call / transcript available for color: Management discussed business conditions and unit trends on the Q2 call; read the full transcript for guidance details and commentary on demand drivers. Earnings Call Transcript
• Negative Sentiment: EPS missed estimates: Copart reported $0.36 EPS vs. consensus of roughly $0.39–$0.40, a clear earnings surprise that weighed on sentiment. Zacks Article
• Negative Sentiment: Revenue missed and fell year-over-year: Revenue was $1.12B vs. analyst expectations near $1.15B, and revenue declined ~3.6% YoY — a sign of weaker unit volumes and pricing/volume mix pressure. Press Release (BusinessWire PDF)
• Negative Sentiment: Management flagged unit-volume headwinds and the market reacted: previews and post-earnings coverage highlight that unit volumes remain a headwind for near-term growth, and the stock dropped on the news with elevated traded volume. Benzinga Coverage

Wall Street Analysts Forecast Growth

CPRT has been the subject of several recent research reports. Robert W. Baird lowered their price objective on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. CJS Securities raised shares of Copart to a “strong-buy” rating in a report on Thursday, December 11th. Barclays restated an “underweight” rating and issued a $33.00 price objective (up previously from $32.00) on shares of Copart in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Copart presently has an average rating of “Moderate Buy” and an average target price of $47.60.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 25,137 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the completion of the transaction, the chief executive officer owned 55,970 shares of the company’s stock, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. The disclosure for this sale is available in the SEC filing. 9.60% of the stock is currently owned by corporate insiders.

Copart Stock Performance

Copart stock opened at $37.65 on Friday. The stock’s 50 day simple moving average is $39.49 and its two-hundred day simple moving average is $42.65. The stock has a market cap of $36.45 billion, a price-to-earnings ratio of 22.96 and a beta of 1.08. Copart, Inc. has a fifty-two week low of $36.52 and a fifty-two week high of $63.85.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.15 billion. Copart had a return on equity of 17.78% and a net margin of 34.24%.The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

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.