Generali Asset Management SPA SGR Has $4.85 Million Stock Holdings in Copart, Inc. $CPRT

Key Points

• Generali Asset Management SPA SGR increased its stake in Copart, Inc. by 30.3% during the second quarter, now holding 98,801 shares worth approximately $4.85 million.
• Institutional investors collectively own 85.78% of Copart's stock, with new stakes from multiple firms totaling over $160,000 in recent months.
• Copart reported earnings of $0.41 per share for the quarter, exceeding expectations, and has a market capitalization of $43.12 billion with a current average price target of $54.50 from analysts.

Generali Asset Management SPA SGR grew its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 30.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,801 shares of the business services provider's stock after buying an additional 23,000 shares during the quarter. Generali Asset Management SPA SGR's holdings in Copart were worth $4,848,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CPRT. Cloud Capital Management LLC bought a new stake in Copart during the first quarter worth about $26,000. Atticus Wealth Management LLC bought a new stake in Copart during the second quarter worth about $31,000. Ameritas Advisory Services LLC bought a new stake in Copart during the second quarter worth about $31,000. Accent Capital Management LLC bought a new stake in Copart during the first quarter worth about $36,000. Finally, GFG Capital LLC bought a new stake in Copart during the second quarter worth about $37,000. 85.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 9.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CPRT. Robert W. Baird decreased their price objective on shares of Copart from $64.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, July 17th. HSBC set a $62.00 price objective on shares of Copart and gave the stock a "buy" rating in a research note on Thursday, September 4th. Stephens decreased their price objective on shares of Copart from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, September 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Copart in a research report on Wednesday, October 8th. Finally, Hsbc Global Res upgraded shares of Copart from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Copart currently has an average rating of "Moderate Buy" and a consensus price target of $54.50.

Copart Price Performance

Shares of NASDAQ CPRT opened at $44.56 on Thursday. The company's 50 day simple moving average is $46.68 and its 200 day simple moving average is $51.06. Copart, Inc. has a fifty-two week low of $43.71 and a fifty-two week high of $64.38. The firm has a market capitalization of $43.12 billion, a P/E ratio of 27.85 and a beta of 1.03.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. Copart had a net margin of 33.41% and a return on equity of 18.17%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $0.33 earnings per share. Copart's revenue was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal 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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