2,892,286 Shares in Copart, Inc. $CPRT Acquired by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 2,892,286 Copart shares during the second quarter, valued at approximately $81.5 million and representing 0.31% of the company. Institutional investors collectively own 85.78% of Copart.
• Analyst sentiment is mixed: Copart has a consensus rating of “Hold” and an average price target of $41.50, with ratings ranging from Strong Buy to Strong Sell.
• Copart shares opened at $32.76, with a 52-week range of $26.81 to $50.11 and a market capitalization of approximately $30.33 billion. CEO Jeffrey Liaw separately sold 27,745 shares worth about $845,945, reducing his direct ownership by 21.78%.

Caisse de depot et placement du Quebec purchased a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,892,286 shares of the business services provider's stock, valued at approximately $81,534,000. Caisse de depot et placement du Quebec owned 0.31% of Copart as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Quadrant Capital Group LLC increased its stake in shares of Copart by 1.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider's stock valued at $931,000 after acquiring an additional 264 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Copart by 23.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider's stock worth $68,000 after acquiring an additional 266 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Copart by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider's stock worth $250,000 after acquiring an additional 282 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Copart by 11.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider's stock worth $109,000 after purchasing an additional 288 shares during the period. Finally, American Trust grew its holdings in Copart by 2.1% in the third 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. Institutional investors and hedge funds own 85.78% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stephens reiterated an "equal weight" rating and set a $35.00 price objective on shares of Copart in a report on Thursday, August 20th. Barclays set a $25.00 target price on Copart and gave the company an "underweight" rating in a research report on Wednesday. Freedom Capital raised Copart to a "strong-buy" rating in a research note on Friday, June 26th. Jefferies Financial Group set a $45.00 price target on Copart in a report on Friday, May 22nd. Finally, Zacks Research cut Copart from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Copart currently has a consensus rating of "Hold" and an average target price of $41.50.

Copart Stock Performance

Copart stock opened at $32.76 on Friday. Copart, Inc. has a fifty-two week low of $26.81 and a fifty-two week high of $50.11. The firm's 50-day simple moving average is $29.72 and its 200 day simple moving average is $32.47. The stock has a market cap of $30.33 billion, a PE ratio of 20.35 and a beta of 1.01.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 27,745 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.60% of the stock is owned by insiders.

Copart 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.

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