Jupiter Topco LLC Takes Position in Copart, Inc. $CPRT

Key Points

• Jupiter Topco LLC acquired 106,735 Copart shares in the second quarter, valued at approximately $3.01 million. Institutional investors and hedge funds collectively own 85.78% of the company.
• Copart shares were trading at $32.16, down 1%, with a 52-week range of $26.81 to $50.11 and a market capitalization of roughly $29.77 billion.
• Analyst sentiment is mixed, producing a consensus “Hold” rating and average price target of $41.50; meanwhile, CEO Jeffrey Liaw sold 27,745 shares worth approximately $846,000.

Jupiter Topco LLC acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 106,735 shares of the business services provider's stock, valued at approximately $3,011,000.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider's stock worth $816,000 after acquiring an additional 6,817 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Copart by 365.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider's stock valued at $63,000 after acquiring an additional 878 shares during the period. Jump Financial LLC bought a new stake in Copart during the second quarter worth approximately $2,677,000. Sei Investments Co. lifted its position in Copart by 110.0% in the second quarter. Sei Investments Co. now owns 900,330 shares of the business services provider's stock worth $44,179,000 after purchasing an additional 471,571 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Copart by 3.5% in the second quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider's stock worth $20,270,000 after purchasing an additional 13,860 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Trading Down 1.0%

NASDAQ CPRT opened at $32.16 on Thursday. Copart, Inc. has a 1 year low of $26.81 and a 1 year high of $50.11. The company has a market cap of $29.77 billion, a PE ratio of 19.98, a PEG ratio of 1.95 and a beta of 1.03. The stock's 50-day moving average price is $29.94 and its two-hundred day moving average price is $32.28.

Analysts Set New Price Targets

A number of research firms have recently commented on CPRT. Jefferies Financial Group set a $45.00 price objective on Copart in a research note on Friday, May 22nd. Freedom Capital raised Copart to a "strong-buy" rating in a research note on Friday, June 26th. Zacks Research lowered Copart from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Weiss Ratings reissued a "sell (d+)" rating on shares of Copart in a report on Wednesday, July 29th. Finally, Barclays set a $25.00 price objective on shares of Copart and gave the company an "underweight" rating in a research report on Wednesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $41.50.

Insider Buying and Selling

In other news, CEO Jeffrey Liaw sold 27,745 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total value of $845,945.05. Following the transaction, the chief executive officer directly owned 99,641 shares of the company's stock, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source