Capital International Inc. CA Has $12.81 Million Stock Holdings in Copart, Inc. $CPRT

Key Points

• Capital International Inc. CA increased its stake in Copart by 13.7% in Q3, owning 284,752 shares worth about $12.81 million after buying an additional 34,279 shares.
• Copart missed estimates for the quarter with EPS of $0.36 vs. $0.39 expected and revenue of $1.12B vs. $1.15B (revenue down 3.6% YoY); the stock recently traded around $36.31 with a 12‑month range of $33.81–$63.85.
• CEO Jeffrey Liaw sold 25,137 shares in January (reducing his stake by ~31%), and analysts are mixed — the consensus rating is "Hold" with a $44.40 price target after several downgrades.

Capital International Inc. CA boosted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 284,752 shares of the business services provider's stock after purchasing an additional 34,279 shares during the period. Capital International Inc. CA's holdings in Copart were worth $12,805,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPRT. Cloud Capital Management LLC acquired a new position in Copart during the third quarter worth approximately $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of Copart in the third quarter valued at approximately $27,000. LRI Investments LLC lifted its position in shares of Copart by 125.2% in the third quarter. LRI Investments LLC now owns 653 shares of the business services provider's stock valued at $29,000 after buying an additional 363 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Copart by 54.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider's stock worth $31,000 after acquiring an additional 256 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Copart by 173.4% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 864 shares of the business services provider's stock worth $39,000 after acquiring an additional 548 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Copart Stock Down 3.4%

Shares of NASDAQ:CPRT opened at $36.31 on Wednesday. Copart, Inc. has a 12-month low of $33.81 and a 12-month high of $63.85. The company's 50 day moving average price is $38.96 and its two-hundred day moving average price is $41.67. The firm has a market cap of $34.98 billion, a PE ratio of 22.69 and a beta of 1.09.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.03). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Copart had a net margin of 33.76% and a return on equity of 16.68%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity

In related news, CEO Jeffrey Liaw sold 25,137 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total value of $1,009,753.29. Following the transaction, the chief executive officer owned 55,970 shares in the company, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CPRT shares. Zacks Research cut Copart from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price objective on shares of Copart from $45.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, February 23rd. Robert W. Baird set a $48.00 price objective on shares of Copart and gave the company an "outperform" rating in a report on Friday, February 20th. CJS Securities raised shares of Copart to a "strong-buy" rating in a research report on Thursday, December 11th. Finally, Barclays restated an "underweight" rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Copart presently has a consensus rating of "Hold" and a consensus price target of $44.40.

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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