Copart, Inc. $CPRT Stock: Seilern Investment Management Ltd Raises Holdings

Seilern Investment Management Ltd increased its stake in Copart, Inc. (NASDAQ:CPRT) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,188,547 shares of the business services provider’s stock after acquiring an additional 135,850 shares during the period. Copart makes up 4.1% of Seilern Investment Management Ltd’s investment portfolio, making the stock its 13th largest position. Seilern Investment Management Ltd owned about 0.13% of Copart worth $32,424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. McCollum Christoferson Group LLC bought a new stake in shares of Copart during the 3rd quarter valued at $412,000. NorthCrest Asset Manangement LLC raised its position in Copart by 1,102.2% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 184,823 shares of the business services provider’s stock valued at $5,042,000 after buying an additional 169,449 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in Copart by 2.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 106,755 shares of the business services provider’s stock valued at $2,912,000 after acquiring an additional 2,560 shares in the last quarter. Gilpin Wealth Management LLC bought a new stake in Copart during the 3rd quarter worth about $122,000. Finally, Tilia Fiduciary Partners Inc. boosted its position in Copart by 12.9% during the third quarter. Tilia Fiduciary Partners Inc. now owns 80,013 shares of the business services provider’s stock valued at $2,183,000 after purchasing an additional 9,157 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the completion of the sale, the chief executive officer directly owned 99,641 shares in the company, valued at $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.60% of the company’s stock.

Wall Street Analyst Weigh In

CPRT has been the subject of several recent analyst reports. Barclays set a $25.00 target price on shares of Copart and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Stephens restated an “equal weight” rating and issued a $35.00 price objective on shares of Copart in a research note on Thursday, August 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a research note on Wednesday, July 29th. Robert W. Baird decreased their target price on Copart from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, September 11th. Finally, Freedom Capital upgraded Copart to a “strong-buy” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Copart presently has a consensus rating of “Moderate Buy” and an average target price of $37.80.

Copart Price Performance

CPRT stock traded down $0.21 during midday trading on Tuesday, reaching $26.27. The company had a trading volume of 3,125,041 shares, compared to its average volume of 10,149,855. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.06. The stock has a 50 day moving average price of $30.27 and a 200-day moving average price of $30.96. Copart, Inc. has a 1-year low of $26.17 and a 1-year high of $45.89.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). Copart had a return on equity of 15.93% and a net margin of 31.81%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts anticipate that Copart, Inc. will post 1.63 earnings per share for the current year.

Copart Company Profile

Copart, Inc is a global provider of online vehicle auction and remarketing services. The company primarily sells vehicles that have been damaged, totaled, recovered from theft, or otherwise deemed uneconomical to repair. Its customers include insurance companies, automobile dealers, dismantlers, rebuilders, exporters, rental and finance companies, and members of the general public.

Copart conducts auctions through its online VB3 platform, which connects buyers with vehicles listed at the company’s facilities.