Amundi Has $186.37 Million Position in Copart, Inc. $CPRT

Key Points

• Amundi increased its Copart stake by 18.9% in the second quarter, purchasing 1.05 million additional shares and bringing its holdings to 6.61 million shares worth approximately $186.4 million.
• Institutional investors own 85.78% of Copart, while CEO Jeffrey Liaw sold 27,745 shares for about $846,000, reducing his position by 21.78%.
• Analyst sentiment is mixed, with Copart carrying a consensus “Hold” rating and an average price target of $38.83 versus the reported share price of $32.60.

Amundi raised its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 18.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,611,133 shares of the business services provider's stock after buying an additional 1,051,285 shares during the quarter. Amundi owned 0.71% of Copart worth $186,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. acquired a new stake in Copart during the second quarter valued at $25,000. Versant Capital Management Inc raised its stake in shares of Copart by 110.9% during the 2nd quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock worth $27,000 after purchasing an additional 498 shares in the last quarter. Cache Advisors LLC acquired a new stake in shares of Copart during the 1st quarter valued at about $31,000. Compass Financial Management LLC acquired a new stake in shares of Copart during the 2nd quarter valued at about $33,000. Finally, Reflection Asset Management bought a new stake in shares of Copart in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Price Performance

Shares of CPRT opened at $32.60 on Wednesday. The company has a market capitalization of $30.18 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. Copart, Inc. has a one year low of $26.81 and a one year high of $49.11. The company's fifty day moving average price is $30.27 and its 200 day moving average price is $32.16.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays set a $25.00 price objective on Copart and gave the stock an "underweight" rating in a report on Wednesday, August 26th. Stephens restated an "equal weight" rating and set a $35.00 price target on shares of Copart in a research note on Thursday, August 20th. JPMorgan Chase & Co. upgraded shares of Copart from a "neutral" rating to an "overweight" rating and raised their price target for the company from $32.00 to $40.00 in a report on Thursday, September 3rd. Jefferies Financial Group set a $45.00 price objective on shares of Copart in a report on Friday, May 22nd. Finally, Zacks Research downgraded shares of Copart from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.83.

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 27,745 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction 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 approximately $3,038,054.09. The trade was a 21.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.60% of the company's stock.

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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