National Pension Service Has $42.52 Million Stake in Copart, Inc. $CPRT

National Pension Service boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 1,508,427 shares of the business services provider’s stock after purchasing an additional 71,785 shares during the period. National Pension Service’s holdings in Copart were worth $42,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CPRT. BlackRock Inc. bought a new position in Copart in the 2nd quarter valued at about $1,908,980,000. California State Teachers Retirement System boosted its holdings in shares of Copart by 2,995.5% during the second quarter. California State Teachers Retirement System now owns 40,541,392 shares of the business services provider’s stock worth $1,142,862,000 after acquiring an additional 39,231,718 shares during the period. State Street Corp boosted its holdings in shares of Copart by 1.3% during the fourth quarter. State Street Corp now owns 37,555,437 shares of the business services provider’s stock worth $1,470,295,000 after acquiring an additional 492,506 shares during the period. Capital World Investors grew its position in shares of Copart by 25.1% in the fourth quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock valued at $1,085,588,000 after purchasing an additional 5,555,101 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Copart by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 23,255,161 shares of the business services provider’s stock worth $906,836,000 after purchasing an additional 131,703 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

More Copart News

Here are the key news stories impacting Copart this week:

• Positive Sentiment: ACV acquisition expands Copart’s addressable market. Copart agreed to acquire ACV Auctions for $10.50 per share in cash, valuing the transaction at approximately $1.9 billion. The deal adds dealer-to-dealer wholesale auctions, vehicle inspection and valuation tools, and automotive data capabilities to Copart’s salvage-auction platform. Management expects the transaction to be earnings-neutral initially and accretive beginning in fiscal 2028. Copart to Acquire ACV, Expanding Position Across the Vehicle Remarketing Ecosystem
• Positive Sentiment: Analyst support improved. Barrington Research upgraded CPRT to “outperform” with a $40 price target, signaling confidence that the ACV combination and Copart’s long-term growth prospects can outweigh near-term challenges. This Copart Analyst Turns Bullish
• Neutral Sentiment: Revenue exceeded expectations, but growth remained modest. Fiscal fourth-quarter revenue rose 2.4% year over year to $1.15 billion, slightly above the $1.14 billion consensus estimate. Vehicle sales increased 8.3%, partially offsetting only 1.4% growth in service revenue. Copart Q4 Revenue Rises 2.4% to $1.15 Billion
• Negative Sentiment: Profitability missed forecasts and declined year over year. Quarterly EPS was $0.35, below the $0.38–$0.39 analyst consensus and down from $0.41 a year earlier. Net income fell 17.4%, gross profit declined 5.5%, and fiscal-year EPS decreased to $1.55 from $1.59. Copart Inc. Lags Q4 Earnings Estimates
• Negative Sentiment: ACV deal scrutiny introduces execution and closing risk. A law firm announced an investigation into whether ACV’s board obtained fair value and conducted an adequate sale process. Separately, Baird lowered its CPRT price target to $38, although it maintained an “outperform” rating. Shareholder Notice Regarding ACV Auctions

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were 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 owned 99,641 shares of the company’s stock, valued at $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.60% of the stock is currently owned by company insiders.

Copart Price Performance

Copart stock opened at $29.95 on Friday. The firm has a market cap of $27.73 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. The stock’s fifty day moving average price is $30.35 and its two-hundred day moving average price is $32.07. Copart, Inc. has a one year low of $26.81 and a one year high of $48.96.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, September 10th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Copart had a net margin of 31.81% and a return on equity of 15.81%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Sell-side analysts expect that Copart, Inc. will post 1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CPRT shares. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Freedom Capital raised Copart to a “strong-buy” rating in a report on Friday, June 26th. Robert W. Baird reduced their target price on shares of Copart from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday. Barclays set a $25.00 price target on shares of Copart and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Finally, Stephens reaffirmed an “equal weight” rating and set a $35.00 price target on shares of Copart in a research report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.57.

Copart Profile

Copart, Inc (NASDAQ: CPRT) provides online vehicle auction and remarketing services. The company operates a global marketplace where damaged, recovered, used and other vehicles are sold primarily through online auctions. Its offerings include salvage and clean-title vehicles, with inventory sourced from insurance companies, banks, dealerships, fleet operators, rental companies, government agencies and other organizations.

Copart supports the vehicle remarketing process through inspection, storage, transportation, title processing and auction services.