Copart, Inc. $CPRT Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its position in shares of Copart, Inc. (NASDAQ:CPRT) by 27.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 159,328 shares of the business services provider’s stock after selling 60,187 shares during the quarter. Tidal Investments LLC’s holdings in Copart were worth $4,491,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in Copart by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after acquiring an additional 264 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Copart by 23.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Copart by 11.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 288 shares during the last quarter. American Trust grew its holdings in shares of Copart by 2.1% during the 3rd quarter. American Trust now owns 14,230 shares of the business services provider’s stock worth $640,000 after purchasing an additional 295 shares during the period. Finally, ICW Investment Advisors LLC increased its position in shares of Copart by 4.3% during the 2nd quarter. ICW Investment Advisors LLC now owns 7,382 shares of the business services provider’s stock worth $362,000 after purchasing an additional 304 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were 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 $3,038,054.09. This represents a 21.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.60% of the company’s stock.

Key Headlines Impacting Copart

Here are the key news stories impacting Copart this week:

• Positive Sentiment: ACV acquisition expands Copart’s addressable market. Copart agreed to acquire ACV Auctions for $10.50 per share in cash, valuing the transaction at approximately $1.9 billion. The deal adds dealer-to-dealer wholesale auctions, vehicle inspection and valuation tools, and automotive data capabilities to Copart’s salvage-auction platform. Management expects the transaction to be earnings-neutral initially and accretive beginning in fiscal 2028. Copart to Acquire ACV, Expanding Position Across the Vehicle Remarketing Ecosystem
• Positive Sentiment: Analyst support improved. Barrington Research upgraded CPRT to “outperform” with a $40 price target, signaling confidence that the ACV combination and Copart’s long-term growth prospects can outweigh near-term challenges. This Copart Analyst Turns Bullish
• Neutral Sentiment: Revenue exceeded expectations, but growth remained modest. Fiscal fourth-quarter revenue rose 2.4% year over year to $1.15 billion, slightly above the $1.14 billion consensus estimate. Vehicle sales increased 8.3%, partially offsetting only 1.4% growth in service revenue. Copart Q4 Revenue Rises 2.4% to $1.15 Billion
• Negative Sentiment: Profitability missed forecasts and declined year over year. Quarterly EPS was $0.35, below the $0.38–$0.39 analyst consensus and down from $0.41 a year earlier. Net income fell 17.4%, gross profit declined 5.5%, and fiscal-year EPS decreased to $1.55 from $1.59. Copart Inc. Lags Q4 Earnings Estimates
• Negative Sentiment: ACV deal scrutiny introduces execution and closing risk. A law firm announced an investigation into whether ACV’s board obtained fair value and conducted an adequate sale process. Separately, Baird lowered its CPRT price target to $38, although it maintained an “outperform” rating. Shareholder Notice Regarding ACV Auctions

Copart Stock Performance

CPRT opened at $29.95 on Monday. The stock’s 50-day moving average price is $30.35 and its 200 day moving average price is $32.05. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $48.96. The firm has a market cap of $27.73 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.43 and a beta of 1.03.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, September 10th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Copart had a net margin of 31.81% and a return on equity of 15.93%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, research analysts forecast that Copart, Inc. will post 1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CPRT. Deutsche Bank Aktiengesellschaft set a $40.00 target price on shares of Copart in a research note on Thursday, September 3rd. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Finally, Robert W. Baird dropped their target price on shares of Copart from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.57.

Copart Company Profile

Copart, Inc (NASDAQ: CPRT) provides online vehicle auction and remarketing services. The company operates a global marketplace where damaged, recovered, used and other vehicles are sold primarily through online auctions. Its offerings include salvage and clean-title vehicles, with inventory sourced from insurance companies, banks, dealerships, fleet operators, rental companies, government agencies and other organizations.

Copart supports the vehicle remarketing process through inspection, storage, transportation, title processing and auction services.