Copart, Inc. $CPRT Shares Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has increased its holdings in Copart, Inc. by 12.9%, owning 56,559 shares valued at approximately $3.2 million.
• Analysts have mixed sentiments with target price adjustments; Robert W. Baird and JPMorgan Chase & Co. lowered their target prices to $55.00, while Stephens set it at $50.00.
• CEO Jeffrey Liaw sold 24,088 shares, which marked a 43.31% decrease in his ownership of the stock following the transaction.

B. Metzler seel. Sohn & Co. AG boosted its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 12.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,559 shares of the business services provider's stock after buying an additional 6,459 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Copart were worth $3,201,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider's stock worth $816,000 after purchasing an additional 6,817 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Copart during the fourth quarter worth $1,652,000. Lido Advisors LLC raised its position in shares of Copart by 46.9% in the fourth quarter. Lido Advisors LLC now owns 17,307 shares of the business services provider's stock valued at $993,000 after buying an additional 5,528 shares during the last quarter. Voleon Capital Management LP acquired a new stake in shares of Copart in the fourth quarter valued at about $1,314,000. Finally, Davidson Kahn Capital Management LLC purchased a new position in shares of Copart in the fourth quarter worth about $2,271,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Trading Up 0.1%

Copart stock traded up $0.06 during mid-day trading on Monday, hitting $48.81. The company's stock had a trading volume of 5,330,175 shares, compared to its average volume of 5,537,744. The stock's fifty day moving average is $47.41 and its two-hundred day moving average is $53.09. The firm has a market capitalization of $47.20 billion, a PE ratio of 32.11 and a beta of 1.03. Copart, Inc. has a 1 year low of $45.05 and a 1 year high of $64.38.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the sale, the chief executive officer directly owned 31,527 shares in the company, valued at $1,463,798.61. This represents a 43.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CPRT has been the subject of several research reports. Robert W. Baird dropped their price objective on shares of Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Stephens assumed coverage on Copart in a report on Tuesday, July 8th. They issued an "equal weight" rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $53.33.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.