National Pension Service Acquires 71,785 Shares of Copart, Inc. $CPRT

Key Points

• National Pension Service increased its Copart stake by 5%. It purchased 71,785 additional shares, bringing its holdings to 1.51 million shares valued at approximately $42.5 million; institutional investors and hedge funds own 85.78% of the company.
• Analyst sentiment is generally positive. Barrington Research and JPMorgan upgraded Copart, while analysts’ average rating is “Moderate Buy” with an average price target of $37.57.
• Copart exceeded revenue expectations but missed on profitability. Fiscal fourth-quarter revenue rose 2.4% year over year to $1.15 billion, while EPS fell to $0.35 from $0.41 and missed the $0.38 consensus estimate.

National Pension Service grew its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,508,427 shares of the business services provider's stock after buying an additional 71,785 shares during the quarter. National Pension Service owned approximately 0.16% of Copart worth $42,523,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Engineers Gate Manager LP increased its stake in shares of Copart by 11.6% in the 2nd quarter. Engineers Gate Manager LP now owns 540,194 shares of the business services provider's stock valued at $15,228,000 after buying an additional 56,237 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Copart by 46.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 513,401 shares of the business services provider's stock worth $14,473,000 after buying an additional 163,280 shares during the period. NewEdge Advisors LLC raised its stake in shares of Copart by 22.0% during the second quarter. NewEdge Advisors LLC now owns 25,842 shares of the business services provider's stock worth $729,000 after buying an additional 4,652 shares during the last quarter. IFP Advisors Inc boosted its stake in Copart by 75.4% in the second quarter. IFP Advisors Inc now owns 3,330 shares of the business services provider's stock valued at $94,000 after acquiring an additional 1,431 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of Copart by 89.4% in the 2nd quarter. Squarepoint Ops LLC now owns 2,915,298 shares of the business services provider's stock valued at $82,182,000 after purchasing an additional 1,375,784 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CPRT shares. Barrington Research raised shares of Copart from a "market perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on shares of Copart in a research report on Thursday, September 3rd. Jefferies Financial Group set a $45.00 price target on Copart in a research note on Friday, May 22nd. JPMorgan Chase & Co. upgraded Copart from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $32.00 to $40.00 in a report on Thursday, September 3rd. Finally, Stephens reiterated an "equal weight" rating and set a $35.00 price objective on shares of Copart in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $37.57.

More Copart News

Here are the key news stories impacting Copart this week:

• Positive Sentiment: ACV acquisition expands Copart’s addressable market. Copart agreed to acquire ACV Auctions for $10.50 per share in cash, valuing the transaction at approximately $1.9 billion. The deal adds dealer-to-dealer wholesale auctions, vehicle inspection and valuation tools, and automotive data capabilities to Copart’s salvage-auction platform. Management expects the transaction to be earnings-neutral initially and accretive beginning in fiscal 2028. Copart to Acquire ACV, Expanding Position Across the Vehicle Remarketing Ecosystem
• Positive Sentiment: Analyst support improved. Barrington Research upgraded CPRT to “outperform” with a $40 price target, signaling confidence that the ACV combination and Copart’s long-term growth prospects can outweigh near-term challenges. This Copart Analyst Turns Bullish
• Neutral Sentiment: Revenue exceeded expectations, but growth remained modest. Fiscal fourth-quarter revenue rose 2.4% year over year to $1.15 billion, slightly above the $1.14 billion consensus estimate. Vehicle sales increased 8.3%, partially offsetting only 1.4% growth in service revenue. Copart Q4 Revenue Rises 2.4% to $1.15 Billion
• Negative Sentiment: Profitability missed forecasts and declined year over year. Quarterly EPS was $0.35, below the $0.38–$0.39 analyst consensus and down from $0.41 a year earlier. Net income fell 17.4%, gross profit declined 5.5%, and fiscal-year EPS decreased to $1.55 from $1.59. Copart Inc. Lags Q4 Earnings Estimates
• Negative Sentiment: ACV deal scrutiny introduces execution and closing risk. A law firm announced an investigation into whether ACV’s board obtained fair value and conducted an adequate sale process. Separately, Baird lowered its CPRT price target to $38, although it maintained an “outperform” rating. Shareholder Notice Regarding ACV Auctions

Insider Activity at Copart

In related news, CEO Jeffrey Liaw sold 27,745 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer directly owned 99,641 shares in the company, valued at approximately $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.60% of the company's stock.

Copart Price Performance

Copart stock opened at $29.95 on Friday. The company has a market cap of $27.73 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.43 and a beta of 1.03. The firm has a 50-day moving average of $30.35 and a 200-day moving average of $32.07. Copart, Inc. has a one year low of $26.81 and a one year high of $48.96.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). Copart had a net margin of 31.81% and a return on equity of 15.81%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.41 EPS. Copart's revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that Copart, Inc. will post 1.67 earnings per share for the current year.

Copart Company Profile

Copart, Inc NASDAQ: CPRT provides online vehicle auction and remarketing services. The company operates a global marketplace where damaged, recovered, used and other vehicles are sold primarily through online auctions. Its offerings include salvage and clean-title vehicles, with inventory sourced from insurance companies, banks, dealerships, fleet operators, rental companies, government agencies and other organizations.

Copart supports the vehicle remarketing process through inspection, storage, transportation, title processing and auction services.

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