Y Intercept Hong Kong Ltd Has $7.09 Million Holdings in Copart, Inc. $CPRT

Y Intercept Hong Kong Ltd increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,529 shares of the business services provider’s stock after purchasing an additional 23,474 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Copart were worth $7,089,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake in Copart by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 798,087 shares of the business services provider’s stock worth $31,353,000 after purchasing an additional 31,658 shares during the last quarter. ABN Amro Investment Solutions increased its stake in shares of Copart by 82.5% in the 4th quarter. ABN Amro Investment Solutions now owns 199,794 shares of the business services provider’s stock valued at $7,822,000 after purchasing an additional 90,339 shares during the last quarter. Davidson Kahn Capital Management LLC increased its stake in shares of Copart by 56.3% in the 4th quarter. Davidson Kahn Capital Management LLC now owns 100,151 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 36,091 shares during the last quarter. Gotham Asset Management LLC raised its holdings in shares of Copart by 193.6% during the 3rd quarter. Gotham Asset Management LLC now owns 944,876 shares of the business services provider’s stock worth $42,491,000 after buying an additional 623,012 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Copart by 21.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 249,396 shares of the business services provider’s stock worth $11,215,000 after buying an additional 43,292 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Freedom Capital raised Copart to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Jefferies Financial Group set a $45.00 price target on shares of Copart in a research note on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.50.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the business’s 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 sale, the chief executive officer directly owned 79,532 shares in the company, valued at approximately $2,638,871.76. The trade was a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.60% of the company’s stock.

Copart Stock Performance

Shares of CPRT opened at $30.01 on Friday. Copart, Inc. has a 52 week low of $27.84 and a 52 week high of $50.11. The stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 18.64 and a beta of 1.02. The stock has a fifty day moving average of $31.79 and a 200-day moving average of $35.25.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $0.42 EPS. Copart’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Copart, Inc. will post 1.58 EPS for the current year.

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.