United Capital Financial Advisors LLC Makes New $11.68 Million Investment in Copart, Inc. $CPRT

Key Points

• United Capital Financial Advisors purchased 414,369 Copart shares in the second quarter, creating a new stake valued at approximately $11.68 million. Institutional investors collectively own 85.78% of the company.
• Copart shares opened at $32.76, with a $30.33 billion market capitalization, a 20.35 price-to-earnings ratio, and a 52-week trading range of $26.81 to $50.11.
• Analyst opinions remain mixed, resulting in a consensus “Hold” rating and an average price target of $41.50. CEO Jeffrey Liaw separately sold 27,745 shares for about $846,000, reducing his direct holdings by 21.78%.

United Capital Financial Advisors LLC purchased a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 414,369 shares of the business services provider's stock, valued at approximately $11,681,000.

A number of other institutional investors have also recently added to or reduced their stakes in CPRT. C M Bidwell & Associates Ltd. purchased a new position in Copart in the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc raised its holdings in Copart by 110.9% during the second quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock worth $27,000 after purchasing an additional 498 shares during the last quarter. Cache Advisors LLC purchased a new stake in Copart during the first quarter worth $31,000. Compass Financial Management LLC purchased a new stake in Copart during the second quarter worth $33,000. Finally, Reflection Asset Management acquired a new stake in Copart in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Stock Up 0.3%

CPRT stock opened at $32.76 on Friday. The stock has a market capitalization of $30.33 billion, a price-to-earnings ratio of 20.35 and a beta of 1.01. The stock's fifty day simple moving average is $29.72 and its 200-day simple moving average is $32.47. Copart, Inc. has a 52-week low of $26.81 and a 52-week high of $50.11.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CPRT. Jefferies Financial Group set a $45.00 price target on Copart in a research report on Friday, May 22nd. Stephens restated an "equal weight" rating and set a $35.00 target price on shares of Copart in a report on Thursday, August 20th. Weiss Ratings restated a "sell (d+)" rating on shares of Copart in a research report on Wednesday, July 29th. Barclays set a $25.00 price target on shares of Copart and gave the company an "underweight" rating in a report on Wednesday. Finally, Freedom Capital upgraded shares of Copart to a "strong-buy" rating in a research report on Friday, June 26th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, 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 stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the completion of the sale, the chief executive officer directly owned 99,641 shares in the company, valued at $3,038,054.09. This represents a 21.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 9.60% of the company's stock.

Copart Company 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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