Greenleaf Trust Buys 5,016 Shares of Copart, Inc. (NASDAQ:CPRT)

Posted by Defense World Staff on Apr 7th, 2023

Greenleaf Trust boosted its holdings in Copart, Inc. (NASDAQ:CPRT – Get Rating) by 156.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,222 shares of the business services provider’s stock after acquiring an additional 5,016 shares during the quarter. Greenleaf Trust’s holdings in Copart were worth $501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPRT. Ethic Inc. boosted its position in Copart by 124.4% in the third quarter. Ethic Inc. now owns 18,627 shares of the business services provider’s stock valued at $1,982,000 after buying an additional 10,327 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Copart by 1,446.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 758 shares of the business services provider’s stock valued at $46,000 after buying an additional 709 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Copart during the third quarter worth approximately $321,000. Gateway Investment Advisers LLC lifted its position in shares of Copart by 100.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 251,126 shares of the business services provider’s stock worth $15,291,000 after purchasing an additional 125,802 shares in the last quarter. Finally, Quent Capital LLC lifted its position in shares of Copart by 103.4% during the fourth quarter. Quent Capital LLC now owns 2,048 shares of the business services provider’s stock worth $125,000 after purchasing an additional 1,041 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

CPRT has been the topic of a number of research reports. Guggenheim upped their target price on shares of Copart from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Robert W. Baird upped their target price on shares of Copart from $74.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. StockNews.com initiated coverage on shares of Copart in a report on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, Stephens restated an “overweight” rating and issued a $78.00 price objective on shares of Copart in a report on Tuesday, February 21st.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $74.38 on Friday. The company has a 50 day moving average price of $70.26 and a two-hundred day moving average price of $63.53. Copart, Inc. has a 52 week low of $51.10 and a 52 week high of $76.23. The company has a market capitalization of $35.45 billion, a PE ratio of 33.06 and a beta of 1.23.

Copart (NASDAQ:CPRT – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. Copart had a net margin of 29.45% and a return on equity of 22.93%. The company had revenue of $956.72 million during the quarter, compared to the consensus estimate of $934.36 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. On average, sell-side analysts forecast that Copart, Inc. will post 2.34 earnings per share for the current year.

Insider Transactions at Copart

In related news, Director Matt Blunt sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $69.36, for a total value of $2,080,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.19% of the stock is owned by insiders.

Copart Company Profile

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Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.