Universal Beteiligungs und Servicegesellschaft mbH Sells 147,261 Shares of Copart, Inc. $CPRT

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH trimmed its Copart stake by 17.2%, selling 147,261 shares and retaining 711,189 shares (about 0.07% of the company) valued at roughly $27.94 million.
• Copart CEO Jeffrey Liaw sold 26,213 shares on April 15, reducing his holding by 24.79% to 79,532 shares; company insiders now own about 9.6% of the stock.
• Copart missed quarterly estimates (EPS $0.36 vs. $0.39 expected; revenue $1.12B vs. $1.15B), prompting analyst cuts and a consensus rating of "Hold" with a $44.40 average price target.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 17.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 711,189 shares of the business services provider's stock after selling 147,261 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Copart worth $27,939,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Cloud Capital Management LLC acquired a new position in Copart during the 3rd quarter worth $25,000. Lodestone Wealth Management LLC bought a new stake in shares of Copart during the fourth quarter worth $25,000. Tripletail Wealth Management LLC acquired a new position in shares of Copart during the third quarter valued at $27,000. LRI Investments LLC boosted its holdings in Copart by 125.2% in the third quarter. LRI Investments LLC now owns 653 shares of the business services provider's stock valued at $29,000 after acquiring an additional 363 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in Copart by 54.0% in the third quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider's stock worth $31,000 after purchasing an additional 256 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of Copart stock in a transaction that occurred 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 transaction, the chief executive officer owned 79,532 shares of the company's stock, valued at approximately $2,638,871.76. The trade was a 24.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 9.60% of the company's stock.

Copart Trading Up 0.6%

CPRT stock opened at $33.88 on Friday. Copart, Inc. has a 1-year low of $32.20 and a 1-year high of $63.85. The firm has a market cap of $32.64 billion, a PE ratio of 21.18 and a beta of 1.14. The business's 50-day moving average price is $34.75 and its two-hundred day moving average price is $38.70.

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

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.

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