Dynamic Technology Lab Private Ltd Has $417,000 Stock Position in Copart, Inc. $CPRT

Dynamic Technology Lab Private Ltd reduced its holdings in Copart, Inc. (NASDAQ:CPRT) by 84.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,278 shares of the business services provider’s stock after selling 49,065 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Copart were worth $417,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after acquiring an additional 6,817 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Copart by 365.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 878 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in Copart during the second quarter worth $262,000. Illinois Municipal Retirement Fund grew its holdings in Copart by 36.7% in the second quarter. Illinois Municipal Retirement Fund now owns 138,844 shares of the business services provider’s stock worth $6,813,000 after purchasing an additional 37,311 shares during the period. Finally, Allworth Financial LP grew its holdings in Copart by 0.8% in 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 period. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 25,137 shares of Copart stock in a transaction dated 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 in the company, valued at approximately $2,248,314.90. The trade was a 30.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.60% of the company’s stock.

Copart Trading Down 2.1%

CPRT opened at $35.55 on Thursday. Copart, Inc. has a 1-year low of $33.81 and a 1-year high of $63.85. The company has a market cap of $34.25 billion, a price-to-earnings ratio of 22.22 and a beta of 1.09. The company’s fifty day moving average price is $38.89 and its two-hundred day moving average price is $41.63.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CPRT. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research downgraded Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Robert W. Baird set a $48.00 target price on Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. Barclays reaffirmed an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut their price target on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Copart has an average rating of “Hold” and an average target price of $44.40.

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.