Copart, Inc. (NASDAQ:CPRT) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,449,100 shares of the business services provider’s stock after selling 121,400 shares during the quarter. Swiss National Bank’s holdings in Copart were worth $140,554,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cadence Bank lifted its holdings in Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after buying an additional 178 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Copart by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock worth $345,000 after acquiring an additional 184 shares during the period. Everpar Advisors LLC raised its stake in shares of Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 199 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Copart by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after purchasing an additional 200 shares during the period. Finally, Simmons Bank grew its stake in Copart by 4.4% during the 4th quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock worth $271,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is currently owned by corporate insiders.

Copart Stock Down 1.4 %

NASDAQ CPRT opened at $52.30 on Friday. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The firm has a 50 day moving average of $56.87 and a two-hundred day moving average of $55.99. The stock has a market capitalization of $50.53 billion, a PE ratio of 35.10 and a beta of 1.30.

Copart (NASDAQ:CPRT) last issued its 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 firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Copart Company Profile

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.