Teachers Retirement System of The State of Kentucky Grows Holdings in Copart, Inc. $CPRT

Key Points

• Teachers Retirement System of Kentucky increased its Copart stake by 147.8% in Q4, adding 101,704 shares to own 170,521 shares valued at about $6.68 million.
• CEO Jeffrey Liaw sold 26,213 shares on April 15 (avg. $33.18), cutting his holding by 24.79% to 79,532 shares; company insiders now own 9.60% of the stock.
• Copart missed Q4 estimates (EPS $0.36 vs. $0.39; revenue $1.12B vs. $1.15B), the stock trades near its one‑year low, and analysts have a consensus Hold rating with a $44.40 price target.

Teachers Retirement System of The State of Kentucky increased its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 147.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,521 shares of the business services provider's stock after acquiring an additional 101,704 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Copart were worth $6,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new stake in Copart in the 4th quarter worth approximately $597,000. China Universal Asset Management Co. Ltd. boosted its stake in Copart by 7.3% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 27,394 shares of the business services provider's stock worth $1,072,000 after purchasing an additional 1,868 shares during the period. Directional Asset Management bought a new stake in shares of Copart during the fourth quarter valued at approximately $376,000. Diversified Enterprises LLC raised its position in shares of Copart by 20.4% during the fourth quarter. Diversified Enterprises LLC now owns 8,384 shares of the business services provider's stock valued at $328,000 after buying an additional 1,423 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Copart by 40.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 15,613 shares of the business services provider's stock worth $646,000 after buying an additional 4,515 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Copart

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

Copart Stock Performance

CPRT stock opened at $33.07 on Monday. The company has a market capitalization of $31.86 billion, a PE ratio of 20.67 and a beta of 1.14. Copart, Inc. has a one year low of $32.20 and a one year high of $63.85. The company's fifty day moving average price is $34.66 and its 200-day moving average price is $38.54.

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

Wall Street Analyst Weigh In

CPRT has been the topic of several research analyst reports. Robert W. Baird set a $48.00 target price on shares of Copart and gave the stock an "outperform" rating in a report on Friday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Copart from $45.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, February 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Copart in a report on Monday, March 23rd. Barclays reissued an "underweight" rating and issued a $32.00 target price (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Finally, Zacks Research downgraded shares of Copart from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $44.40.

Copart Profile

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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