B. Metzler seel. Sohn & Co. AG Raises Position in Copart, Inc. $CPRT

B. Metzler seel. Sohn & Co. AG increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 13.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,518 shares of the business services provider’s stock after purchasing an additional 16,886 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Copart were worth $6,499,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in Copart by 0.8% during the second quarter. Allworth Financial LP now owns 28,978 shares of the business services provider’s stock worth $1,422,000 after purchasing an additional 228 shares during the last quarter. PDS Planning Inc raised its position in shares of Copart by 4.9% in the 3rd quarter. PDS Planning Inc now owns 5,196 shares of the business services provider’s stock worth $234,000 after buying an additional 242 shares during the period. Hollencrest Capital Management raised its position in shares of Copart by 13.2% in the 3rd quarter. Hollencrest Capital Management now owns 2,088 shares of the business services provider’s stock worth $94,000 after buying an additional 244 shares during the period. Unique Wealth LLC boosted its holdings in Copart by 2.3% in the third quarter. Unique Wealth LLC now owns 10,785 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 245 shares during the last quarter. Finally, Tobam boosted its holdings in Copart by 22.9% in the second quarter. Tobam now owns 1,340 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 250 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPRT has been the subject of several research analyst reports. Robert W. Baird set a $48.00 price target on Copart and gave the stock an “outperform” rating in a research note on Friday, February 20th. Barclays reaffirmed an “underweight” rating and issued a $32.00 price objective (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. CJS Securities upgraded Copart to a “strong-buy” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. dropped their target price on shares of Copart from $45.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Finally, Zacks Research lowered shares of Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Copart presently has a consensus rating of “Hold” and an average price target of $44.40.

Insider Transactions at Copart

In other news, CEO Jeffrey Liaw sold 25,137 shares of Copart stock in a transaction that occurred 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 sale, the chief executive officer owned 55,970 shares in the company, valued at $2,248,314.90. This trade represents a 30.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.60% of the stock is owned by company insiders.

Copart Price Performance

NASDAQ:CPRT opened at $37.72 on Monday. The business’s 50-day moving average is $39.07 and its two-hundred day moving average is $41.83. The firm has a market capitalization of $36.34 billion, a PE ratio of 23.58 and a beta of 1.09. Copart, Inc. has a 12 month low of $33.81 and a 12 month high of $63.85.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. Equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

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.