Centaurus Financial Inc. Has $3.21 Million Stock Position in Copart, Inc. $CPRT

Centaurus Financial Inc. raised its position in Copart, Inc. (NASDAQ:CPRT) by 66.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,276 shares of the business services provider’s stock after purchasing an additional 28,496 shares during the quarter. Centaurus Financial Inc.’s holdings in Copart were worth $3,205,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CPRT. Cloud Capital Management LLC acquired a new stake in shares of Copart during the 3rd quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new stake in shares of Copart in the 3rd quarter valued at approximately $27,000. LRI Investments LLC increased its holdings in Copart by 125.2% in the third quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock worth $29,000 after buying an additional 363 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in Copart by 54.0% in the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock worth $31,000 after buying an additional 256 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Copart by 173.4% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 864 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 548 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Down 3.1%

Shares of Copart stock opened at $33.00 on Thursday. Copart, Inc. has a 12-month low of $32.97 and a 12-month high of $63.85. The stock has a 50 day moving average price of $38.42 and a two-hundred day moving average price of $41.11. The stock has a market capitalization of $31.79 billion, a P/E ratio of 20.63 and a beta of 1.09.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.Copart’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CPRT. Robert W. Baird set a $48.00 target price on shares of Copart and gave the stock an “outperform” rating in a research report on Friday, February 20th. Zacks Research downgraded shares of Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. CJS Securities raised shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Barclays reissued 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. Two equities 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Copart has an average rating of “Hold” and a consensus target price of $44.40.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 25,137 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were 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 $2,248,314.90. The trade was a 30.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.60% of the stock is owned by company insiders.

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.