Atwater Malick LLC and
Czech National Bank have increased their holdings in
Copart, Inc., while
Artemis Investment Management LLP and
Bright Rock Capital Management LLC have reduced their positions.
Massachusetts Financial Services Co. MA,
HWG Holdings LP, and
Susquehanna Fundamental Investments LLC have also invested in the company. Meanwhile,
Cim LLC bought 104,892 shares and
Toronto Dominion Bank sold 70,688 shares. Copart recently released its Q4 and full-year fiscal 2024 results, showing a revenue increase of 9.5% to $4.2 billion but dealing with an underperforming market and missing estimated earnings. The short-term outcomes do not inspire confidence, raising concerns about the stock's valuation and the firm's return on capital. Notably, despite the market slump, Copart's shares have grown by 5.4%, earning shareholders a 20% compound annual growth rate in the last five years. However, some see the stock as possibly overvalued, and insiders have reportedly sold approximately $40 million in shares. Lastly, Copart has named Hessel Verhage as its new Chief Operating Officer.
Copart CPRT News Analytics from Thu, 08 Sep 2022 07:00:00 GMT to Sat, 12 Oct 2024 14:41:43 GMT -
Rating 5
- Innovation 2
- Information 4
- Rumor -5
