Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its position in Copart, Inc. (NASDAQ:CPRT) by 15.2% in the fourth quarter, Holdings Channel reports. The firm owned 279,167 shares of the business services provider’s stock after purchasing an additional 36,771 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Copart were worth $16,188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optimum Investment Advisors grew its position in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Eastern Bank acquired a new position in Copart in the third quarter worth $29,000. Quarry LP bought a new stake in Copart during the third quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Copart during the third quarter worth $33,000. Finally, True Wealth Design LLC lifted its position in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after buying an additional 608 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 650,213 shares of company stock worth $39,199,813. Insiders own 9.68% of the company’s stock.

Copart Price Performance

NASDAQ:CPRT opened at $58.56 on Friday. The firm has a market capitalization of $56.42 billion, a P/E ratio of 41.24 and a beta of 1.33. The business has a 50 day simple moving average of $59.21 and a 200 day simple moving average of $54.90. Copart, Inc. has a 12-month low of $47.92 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Copart 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.