Copart, Inc. $CPRT Shares Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR increased its stake in Copart, Inc. (NASDAQ:CPRT) by 24.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 99,569 shares of the business services provider’s stock after purchasing an additional 19,636 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Copart were worth $3,898,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CPRT. Cloud Capital Management LLC acquired a new stake in Copart in the third quarter valued at approximately $25,000. Lodestone Wealth Management LLC acquired a new position in shares of Copart during the fourth quarter worth $25,000. LRI Investments LLC lifted its position in shares of 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 purchasing an additional 363 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Copart by 54.0% in the third 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 during the period. Finally, Aventura Private Wealth LLC purchased a new position in shares of Copart in the fourth quarter valued at $33,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the sale, the chief executive officer directly owned 79,532 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 9.60% of the stock is currently owned by corporate insiders.

Copart Price Performance

CPRT opened at $33.94 on Friday. The stock has a market capitalization of $32.69 billion, a PE ratio of 21.21 and a beta of 1.02. The firm’s fifty day moving average price is $34.17 and its 200 day moving average price is $38.00. Copart, Inc. has a 12-month low of $32.20 and a 12-month high of $63.85.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.Copart’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. On average, equities research analysts forecast that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Copart 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.