Fidelis Capital Partners LLC Acquires 417 Shares of Copart, Inc. (NASDAQ:CPRT)

Fidelis Capital Partners LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,815 shares of the business services provider’s stock after acquiring an additional 417 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Copart were worth $913,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CPRT. Bank of New York Mellon Corp boosted its position in shares of Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock valued at $1,115,664,000 after acquiring an additional 3,667,534 shares during the last quarter. Jensen Investment Management Inc. raised its holdings in shares of Copart by 2,466.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock valued at $185,299,000 after buying an additional 3,398,423 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock valued at $149,471,000 after buying an additional 2,084,626 shares in the last quarter. Comgest Global Investors S.A.S. raised its holdings in shares of Copart by 706.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock valued at $83,153,000 after buying an additional 1,390,146 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its holdings in shares of Copart by 192.4% during the 4th quarter. PineStone Asset Management Inc. now owns 1,585,400 shares of the business services provider’s stock valued at $90,986,000 after buying an additional 1,043,200 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.3 %

Shares of NASDAQ CPRT opened at $54.65 on Tuesday. The stock has a market cap of $52.66 billion, a price-to-earnings ratio of 36.68 and a beta of 1.33. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock’s 50-day moving average is $57.55 and its 200 day moving average is $55.94.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Copart news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 398,790 shares of company stock valued at $23,161,540 in the last ninety days. Company insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

About Copart

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.