Copart, Inc. $CPRT Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 68.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 152,660 shares of the business services provider’s stock after purchasing an additional 62,065 shares during the quarter. Headlands Technologies LLC’s holdings in Copart were worth $4,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Copart during the 2nd quarter worth approximately $1,908,980,000. State Street Corp boosted its position in Copart by 1.3% in the 4th quarter. State Street Corp now owns 37,555,437 shares of the business services provider’s stock valued at $1,470,295,000 after buying an additional 492,506 shares during the period. Capital World Investors boosted its position in Copart by 25.1% in the 4th quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock valued at $1,085,588,000 after buying an additional 5,555,101 shares during the period. Geode Capital Management LLC grew its stake in shares of Copart by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 23,255,161 shares of the business services provider’s stock worth $906,836,000 after acquiring an additional 131,703 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Copart by 21.7% in the fourth quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock worth $860,618,000 after acquiring an additional 3,918,610 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of Copart stock opened at $32.99 on Monday. The company has a fifty day simple moving average of $29.77 and a 200-day simple moving average of $32.41. The stock has a market cap of $30.54 billion, a price-to-earnings ratio of 20.49 and a beta of 1.01. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Jefferies Financial Group set a $45.00 price objective on Copart in a research note on Friday, May 22nd. Barclays set a $25.00 target price on Copart and gave the stock an “underweight” rating in a research note on Wednesday. Stephens restated an “equal weight” rating and set a $35.00 price target on shares of Copart in a report on Thursday, August 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Finally, Zacks Research cut Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Copart currently has an average rating of “Hold” and an average price target of $41.50.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of Copart stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total value of $845,945.05. Following the transaction, the chief executive officer directly owned 99,641 shares in the company, valued at approximately $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.60% of the company’s stock.

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.