UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Copart, Inc. $CPRT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Copart, Inc. (NASDAQ:CPRT) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,866,657 shares of the business services provider’s stock after acquiring an additional 120,119 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Copart were worth $165,381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CPRT. C M Bidwell & Associates Ltd. purchased a new stake in shares of Copart during the 2nd quarter valued at $25,000. Versant Capital Management Inc increased its position in Copart by 110.9% during the 2nd quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $27,000 after buying an additional 498 shares in the last quarter. Cache Advisors LLC acquired a new position in Copart during the 1st quarter valued at about $31,000. Compass Financial Management LLC purchased a new stake in Copart in the second quarter valued at about $33,000. Finally, Reflection Asset Management purchased a new stake in Copart in the fourth quarter valued at about $34,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Price Performance

NASDAQ:CPRT opened at $32.47 on Wednesday. The company’s fifty day moving average price is $29.90 and its 200-day moving average price is $32.31. Copart, Inc. has a 1-year low of $26.81 and a 1-year high of $50.11. The firm has a market capitalization of $30.06 billion, a P/E ratio of 20.17, a PEG ratio of 1.99 and a beta of 1.03.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CPRT. Jefferies Financial Group set a $45.00 price target on Copart in a research note on Friday, May 22nd. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research report on Friday, June 26th. Zacks Research lowered shares of Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Barclays set a $25.00 price objective on shares of Copart and gave the stock an “underweight” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Copart has an average rating of “Hold” and an average price target of $41.50.

Insiders Place Their Bets

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the sale, the chief executive officer directly owned 99,641 shares of the company’s stock, valued at approximately $3,038,054.09. This trade represents a 21.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.