Key Points
- Jeffrey Liaw sold 26,213 Copart shares on April 15 at an average price of $33.18 for about $869,747, cutting his stake by 24.79% to 79,532 shares.
- Copart's latest quarter missed estimates (EPS $0.36 vs. $0.39; revenue $1.12B vs. $1.15B), with revenue down 3.6% year‑over‑year, and analysts maintain a consensus "Hold" rating with a $44.40 price target.
- The stock trades near its 52‑week low (range $32.20–$63.85), has a market cap of roughly $32.2B, and about 85.8% of shares are held by institutional investors.
Copart, Inc. (NASDAQ:CPRT - Get Free Report) CEO Jeffrey Liaw sold 26,213 shares of the business's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the transaction, the chief executive officer owned 79,532 shares of the company's stock, valued at approximately $2,638,871.76. The trade was a 24.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Copart Stock Up 0.5%
CPRT opened at $33.45 on Friday. The business has a fifty day moving average of $35.18 and a 200 day moving average of $39.01. Copart, Inc. has a 52-week low of $32.20 and a 52-week high of $63.85. The stock has a market cap of $32.22 billion, a P/E ratio of 20.91 and a beta of 1.14.
Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Copart had a return on equity of 16.68% and a net margin of 33.76%.The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. Copart's quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Cache Advisors LLC acquired a new position in Copart during the 1st quarter valued at about $31,000. Western Pacific Wealth Management LP increased its position in Copart by 13.8% during the 1st quarter. Western Pacific Wealth Management LP now owns 2,646 shares of the business services provider's stock valued at $88,000 after buying an additional 320 shares in the last quarter. Krilogy Financial LLC increased its position in Copart by 151.1% during the 1st quarter. Krilogy Financial LLC now owns 17,505 shares of the business services provider's stock valued at $582,000 after buying an additional 10,535 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new position in Copart during the 1st quarter valued at about $1,162,000. Finally, Weybosset Research & Management LLC increased its position in Copart by 4.3% during the 1st quarter. Weybosset Research & Management LLC now owns 636,508 shares of the business services provider's stock valued at $21,132,000 after buying an additional 26,348 shares in the last quarter. 85.78% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on CPRT. Zacks Research cut Copart from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 24th. Robert W. Baird set a $48.00 target price on Copart and gave the stock an "outperform" rating in a report on Friday, February 20th. Barclays reiterated an "underweight" rating and issued a $32.00 target price (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Copart in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Copart from $45.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $44.40.
Get Our Latest Analysis on CPRT
Copart Company Profile
(
Get Free Report)
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.
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