American National Bank increased its stake in shares of Copart, Inc. (NASDAQ:CPRT – Get Rating) by 2,263.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 520 shares of the business services provider’s stock after purchasing an additional 498 shares during the period. American National Bank’s holdings in Copart were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPRT. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Copart by 1,212.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 2,873 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Copart by 14.6% in the first quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider’s stock valued at $1,061,000 after buying an additional 1,079 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Copart by 52.1% in the first quarter. Vontobel Holding Ltd. now owns 10,823 shares of the business services provider’s stock worth $1,380,000 after buying an additional 3,707 shares in the last quarter. National Pension Service boosted its position in Copart by 5.0% during the first quarter. National Pension Service now owns 286,903 shares of the business services provider’s stock worth $35,998,000 after acquiring an additional 13,666 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Copart by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 22,968,882 shares of the business services provider’s stock valued at $2,881,905,000 after acquiring an additional 270,867 shares in the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Copart
In related news, Director Matt Blunt sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $69.36, for a total transaction of $2,080,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.19% of the company’s stock.
Analyst Upgrades and Downgrades
Copart Stock Performance
CPRT opened at $69.72 on Friday. The stock has a market capitalization of $33.23 billion, a PE ratio of 30.99 and a beta of 1.21. Copart, Inc. has a one year low of $51.10 and a one year high of $71.68. The business’s 50 day moving average price is $67.55 and its 200 day moving average price is $62.04.
Copart (NASDAQ:CPRT – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The business had revenue of $956.72 million for the quarter, compared to analyst estimates of $934.36 million. Copart had a return on equity of 22.93% and a net margin of 29.45%. During the same quarter in the prior year, the company posted $0.55 EPS. As a group, equities research analysts forecast that Copart, Inc. will post 2.34 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.
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