Danske Bank A S Has $18.62 Million Holdings in Copart, Inc. $CPRT

Key Points

• Danske Bank A S increased its Copart stake by 7.8% in Q4, adding 34,502 shares to hold 475,479 shares valued at about $18.62 million.
• Copart missed Q4 estimates with EPS of $0.36 (vs. $0.39 expected) and revenue of $1.12 billion (vs. $1.15 billion expected), with revenue down 3.6% year‑over‑year.
• Analyst sentiment is mixed: MarketBeat shows an average rating of Hold and an average target price of $44.40, while individual ratings range from Sell to Outperform.

Danske Bank A S lifted its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,479 shares of the business services provider's stock after acquiring an additional 34,502 shares during the quarter. Danske Bank A S's holdings in Copart were worth $18,615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Oppenheimer & Co. Inc. lifted its holdings in Copart by 27.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 166,973 shares of the business services provider's stock worth $6,537,000 after buying an additional 35,919 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in Copart during the 4th quarter worth $228,000. New York State Teachers Retirement System lifted its holdings in Copart by 1.0% during the 4th quarter. New York State Teachers Retirement System now owns 653,158 shares of the business services provider's stock worth $25,571,000 after buying an additional 6,175 shares in the last quarter. Mcdonald Capital Investors Inc. CA acquired a new position in Copart during the 4th quarter worth $58,091,000. Finally, Canandaigua National Trust Co of Florida acquired a new position in Copart during the 4th quarter worth $223,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on CPRT shares. Weiss Ratings cut shares of Copart from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Zacks Research upgraded shares of Copart from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Barclays reiterated an "underweight" rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. Robert W. Baird set a $48.00 target price on shares of Copart and gave the company an "outperform" rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their target price 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. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $44.40.

Copart Stock Up 0.4%

CPRT opened at $33.26 on Friday. The company has a fifty day simple moving average of $34.31 and a 200 day simple moving average of $38.27. The stock has a market cap of $32.03 billion, a P/E ratio of 20.78 and a beta of 1.02. Copart, Inc. has a 12 month low of $32.20 and a 12 month high of $63.85.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.03). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.Copart's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. On average, equities research analysts expect that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the firm's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the sale, the chief executive officer directly owned 79,532 shares in the company, valued at approximately $2,638,871.76. This trade represents a 24.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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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