Copart, Inc. $CPRT Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 39.1% in the 3rd quarter, Holdings Channel reports. The fund owned 4,705,613 shares of the business services provider’s stock after acquiring an additional 1,323,281 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Copart were worth $211,608,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in shares of Copart in the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC acquired a new position in Copart during the third quarter worth $27,000. LRI Investments LLC boosted its stake in Copart by 125.2% during the third quarter. LRI Investments LLC now owns 653 shares of the business services provider’s stock worth $29,000 after buying an additional 363 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings 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 buying an additional 256 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Copart by 173.4% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 864 shares of the business services provider’s stock valued at $39,000 after buying an additional 548 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 0.8%

NASDAQ:CPRT opened at $37.72 on Friday. Copart, Inc. has a 52 week low of $33.81 and a 52 week high of $63.85. The stock’s fifty day moving average is $39.07 and its two-hundred day moving average is $41.87. The company has a market capitalization of $36.34 billion, a P/E ratio of 23.58 and a beta of 1.09.

Copart (NASDAQ:CPRT) last released its quarterly 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). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 25,137 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the completion of the transaction, the chief executive officer owned 55,970 shares of the company’s stock, valued at $2,248,314.90. This trade represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Zacks Research lowered Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Robert W. Baird set a $48.00 price objective on shares of Copart and gave the company an “outperform” rating in a report on Friday, February 20th. Barclays restated an “underweight” rating and set a $32.00 price objective (down from $33.00) on shares of Copart in a research report on Monday, February 23rd. JPMorgan Chase & Co. reduced their target price on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, CJS Securities upgraded shares of Copart to a “strong-buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.40.

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.