Stonehage Fleming Financial Services Holdings Ltd Has $152.19 Million Stock Holdings in Copart, Inc. $CPRT

Key Points

• Stonehage Fleming Financial Services Holdings Ltd reduced its holdings in Copart, Inc. by 2.4% to 3,101,570 shares, valued at approximately $152.19 million.
• Copart reported earnings of $0.41 EPS in its latest quarter, exceeding analysts' expectations, with a revenue of $1.13 billion.
• Analysts have mixed opinions on Copart, with one upgrade to a strong-buy rating and a range of target prices from $46.00 to $64.00.

Stonehage Fleming Financial Services Holdings Ltd cut its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,101,570 shares of the business services provider's stock after selling 77,552 shares during the quarter. Copart comprises approximately 4.4% of Stonehage Fleming Financial Services Holdings Ltd's holdings, making the stock its 12th largest position. Stonehage Fleming Financial Services Holdings Ltd owned about 0.32% of Copart worth $152,194,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of Copart in the first quarter worth $26,000. Atticus Wealth Management LLC acquired a new stake in shares of Copart in the second quarter worth $31,000. Ameritas Advisory Services LLC acquired a new stake in shares of Copart in the second quarter worth $31,000. Accent Capital Management LLC acquired a new stake in shares of Copart in the first quarter worth $36,000. Finally, GFG Capital LLC acquired a new stake in shares of Copart in the second quarter worth $37,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Thomas N. Tryforos sold 228,840 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Liaw sold 24,088 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares in the company, valued at approximately $1,463,798.61. The trade was a 43.31% decrease in their position. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by insiders.

Copart Trading Down 0.4%

Shares of CPRT stock opened at $43.88 on Friday. Copart, Inc. has a 1 year low of $43.71 and a 1 year high of $64.38. The firm's fifty day simple moving average is $46.80 and its 200 day simple moving average is $51.26. The firm has a market capitalization of $42.46 billion, a P/E ratio of 27.43 and a beta of 1.03.

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

Copart Company 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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