74,747 Shares in Copart, Inc. $CPRT Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners acquired 74,747 Copart shares worth approximately $2.1 million in the second quarter. Institutional investors collectively own 85.78% of the company.
• Copart exceeded quarterly expectations, reporting $0.43 in earnings per share versus the $0.41 consensus estimate and $1.24 billion in revenue, up 2.1% year over year.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a $43.50 consensus price target. CEO Jeffrey Liaw also sold 27,745 shares for roughly $846,000.

GSA Capital Partners LLP purchased a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 74,747 shares of the business services provider's stock, valued at approximately $2,107,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in shares of Copart by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider's stock worth $931,000 after buying an additional 264 shares during the last quarter. Geneos Wealth Management Inc. grew its position 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 buying an additional 266 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of Copart by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider's stock valued at $250,000 after buying an additional 282 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Copart by 11.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider's stock worth $109,000 after acquiring an additional 288 shares in the last quarter. Finally, American Trust raised its stake in 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 acquiring an additional 295 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Price Performance

CPRT stock opened at $31.61 on Friday. The company has a fifty day moving average price of $29.30 and a 200 day moving average price of $32.98. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11. The company has a market cap of $29.26 billion, a price-to-earnings ratio of 19.63 and a beta of 1.01.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Copart had a net margin of 33.48% and a return on equity of 16.63%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the business earned $0.42 EPS. Copart's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Copart, Inc. will post 1.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Copart in a research note on Wednesday, July 29th. Freedom Capital upgraded Copart to a "strong-buy" rating in a research report on Friday, June 26th. Jefferies Financial Group set a $45.00 target price on Copart in a report on Friday, May 22nd. Zacks Research cut Copart from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Finally, Barclays set a $26.00 price target on Copart and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.50.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 27,745 shares of the stock in a transaction dated Tuesday, July 28th. The shares were 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 owned 99,641 shares in the company, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.60% of the company's stock.

Copart Company 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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