Flossbach Von Storch SE Has $76.63 Million Stock Holdings in Copart, Inc. $CPRT

Key Points

• Flossbach Von Storch SE reduced its stake in Copart by 8.9% in Q4, selling 190,433 shares and ending the quarter with 1,957,416 shares worth approximately $76.63 million (about 0.20% of the company).
• CEO Jeffrey Liaw sold 26,213 shares on April 15 at an average price of $33.18 (≈$869,747), cutting his holding by 24.79% to 79,532 shares; insiders now own 9.60% of the stock.
• Copart missed quarterly estimates (EPS $0.36 vs. $0.39 expected; revenue $1.12B vs. $1.15B, down 3.6% YoY), and analyst views are mixed with a consensus "Hold" and an average price target of $44.40 amid several target cuts.

Flossbach Von Storch SE reduced its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,957,416 shares of the business services provider's stock after selling 190,433 shares during the period. Flossbach Von Storch SE owned 0.20% of Copart worth $76,633,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in shares of Copart during the 3rd quarter worth about $25,000. Lodestone Wealth Management LLC bought a new position in Copart in the 4th quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new stake in Copart during the third quarter worth approximately $27,000. LRI Investments LLC lifted its position in Copart by 125.2% during the third quarter. LRI Investments LLC now owns 653 shares of the business services provider's stock worth $29,000 after acquiring an additional 363 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Copart by 54.0% during the third 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. 85.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the sale, the chief executive officer directly owned 79,532 shares of the company's stock, valued at approximately $2,638,871.76. This represents a 24.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.60% of the company's stock.

Copart Trading Up 0.4%

Shares of CPRT opened at $33.19 on Tuesday. Copart, Inc. has a 12 month low of $32.20 and a 12 month high of $63.85. The firm's 50 day moving average is $34.57 and its 200-day moving average is $38.46. The stock has a market capitalization of $31.97 billion, a PE ratio of 20.74 and a beta of 1.14.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays reaffirmed an "underweight" rating and issued a $32.00 target price (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. JPMorgan Chase & Co. reduced their price target on Copart from $45.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, February 23rd. Robert W. Baird set a $48.00 price objective on Copart and gave the company an "outperform" rating in a report on Friday, February 20th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Copart in a research report on Monday, March 23rd. Finally, Zacks Research cut shares of Copart from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Copart has a consensus rating of "Hold" and an average price target of $44.40.

About Copart

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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