Copart, Inc. $CPRT Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 42.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 557,800 shares of the business services provider’s stock after selling 405,000 shares during the period. Schwartz Investment Counsel Inc. owned about 0.06% of Copart worth $21,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in Copart in the 3rd quarter valued at about $25,000. Lodestone Wealth Management LLC acquired a new stake in Copart in the 4th quarter valued at about $25,000. LRI Investments LLC raised its position in Copart by 125.2% in the 3rd quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 363 shares in the last quarter. Cornerstone Planning Group LLC raised its position in Copart by 54.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 730 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in Copart in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Robert W. Baird set a $48.00 price target on Copart and gave the company an “outperform” rating in a research report on Friday, February 20th. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Barclays reissued an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.40.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $33.44 on Wednesday. Copart, Inc. has a fifty-two week low of $32.20 and a fifty-two week high of $63.85. The firm has a market capitalization of $32.21 billion, a PE ratio of 20.90 and a beta of 1.02. The stock’s 50-day simple moving average is $33.96 and its 200-day simple moving average is $37.75.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate 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 last year, the business posted $0.40 EPS. Copart’s revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts forecast that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Insider Transactions at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the transaction, the chief executive officer owned 79,532 shares in the company, valued at $2,638,871.76. This trade represents a 24.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.60% of the stock is owned by corporate insiders.

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.