64,358 Shares in Copart, Inc. $CPRT Acquired by Centaurus Financial Inc.

Key Points

• Centaurus Financial acquired 64,358 Copart shares worth approximately $1.814 million in the second quarter. Other institutions also increased their positions, and institutional investors now own 85.78% of CPRT.
• Copart shares opened at $32.76, with a market capitalization of $30.33 billion and a 12-month trading range of $26.81 to $50.11.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and a $41.50 target price. Meanwhile, CEO Jeffrey Liaw sold 27,745 shares for about $846,000, reducing his position by 21.78%.

Centaurus Financial Inc. acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 64,358 shares of the business services provider's stock, valued at approximately $1,814,000.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Copart by 92.1% during the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider's stock valued at $816,000 after purchasing an additional 6,817 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Copart by 365.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider's stock valued at $63,000 after buying an additional 878 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Copart in the second quarter valued at approximately $2,677,000. Sei Investments Co. increased its position in shares of Copart by 110.0% during the second quarter. Sei Investments Co. now owns 900,330 shares of the business services provider's stock worth $44,179,000 after acquiring an additional 471,571 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Copart by 3.5% during the second quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider's stock worth $20,270,000 after acquiring an additional 13,860 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Up 0.3%

Shares of Copart stock opened at $32.76 on Friday. The stock has a market cap of $30.33 billion, a P/E ratio of 20.35 and a beta of 1.01. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11. The business's 50 day moving average is $29.72 and its 200-day moving average is $32.47.

Analyst Upgrades and Downgrades

CPRT has been the topic of several recent research reports. Zacks Research downgraded Copart from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Barclays set a $25.00 target price on Copart and gave the company an "underweight" rating in a research note on Wednesday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Copart in a research note on Wednesday, July 29th. Freedom Capital upgraded shares of Copart to a "strong-buy" rating in a report on Friday, June 26th. Finally, Jefferies Financial Group set a $45.00 target price on shares of Copart in a research report on Friday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $41.50.

Insider Buying and Selling

In other news, CEO Jeffrey Liaw sold 27,745 shares of Copart stock in a transaction dated Tuesday, July 28th. The shares were 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 owned 99,641 shares of the company's stock, valued at $3,038,054.09. This trade represents a 21.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.60% of the stock is currently owned by corporate 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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