Dimensional Fund Advisors LP Has $166.32 Million Holdings in Copart, Inc. $CPRT

Key Points

• Dimensional Fund Advisors LP increased its stake in Copart, Inc. by 6.8%, owning approximately 2.94 million shares worth $166.3 million as of its latest SEC filing.
• CEO Jeffrey Liaw sold 24,088 shares of Copart stock, representing a 43.31% decrease in his ownership, and retains about 31,527 shares valued at approximately $1.46 million.
• Analysts have set new price targets for Copart, with Robert W. Baird lowering theirs to $55.00, while the consensus rating remains a "Hold" with a target price of $53.33.

Dimensional Fund Advisors LP increased its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,939,813 shares of the business services provider's stock after buying an additional 187,848 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.30% of Copart worth $166,315,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Copart by 289.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock valued at $1,970,000 after purchasing an additional 25,512 shares during the last quarter. Sowell Financial Services LLC bought a new position in Copart during the 1st quarter worth $604,000. China Universal Asset Management Co. Ltd. increased its position in Copart by 52.2% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 23,862 shares of the business services provider's stock worth $1,350,000 after buying an additional 8,181 shares during the period. Voleon Capital Management LP bought a new position in Copart during the 4th quarter worth $1,314,000. Finally, Handelsbanken Fonder AB increased its position in Copart by 53.3% during the 1st quarter. Handelsbanken Fonder AB now owns 854,336 shares of the business services provider's stock worth $48,347,000 after buying an additional 297,210 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 24,088 shares of Copart stock in a transaction dated Tuesday, July 15th. The stock was 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 of the company's stock, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 9.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Robert W. Baird lowered their price objective on Copart from $64.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, July 17th. JPMorgan Chase & Co. decreased their price target on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, Stephens initiated coverage on Copart in a research report on Tuesday, July 8th. They issued an "equal weight" rating and a $50.00 price target on the stock. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Copart currently has a consensus rating of "Hold" and a consensus target price of $53.33.

Copart Stock Up 1.0%

Copart stock opened at $47.81 on Wednesday. Copart, Inc. has a 12-month low of $45.05 and a 12-month high of $64.38. The business's 50-day moving average price is $47.44 and its two-hundred day moving average price is $53.70. The stock has a market cap of $46.23 billion, a PE ratio of 31.45 and a beta of 1.04.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.39 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

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.

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