Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lowered by DDD Partners LLC

DDD Partners LLC lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,640 shares of the business services provider’s stock after selling 1,040 shares during the quarter. DDD Partners LLC’s holdings in Copart were worth $521,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CPRT. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Copart by 1,212.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider’s stock worth $390,000 after purchasing an additional 2,873 shares during the period. Panagora Asset Management Inc. raised its holdings in Copart by 14.6% during the 1st quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider’s stock worth $1,061,000 after buying an additional 1,079 shares during the period. Vontobel Holding Ltd. raised its holdings in Copart by 52.1% during the 1st 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 during the period. National Pension Service raised its holdings in Copart by 5.0% during the 1st quarter. National Pension Service now owns 286,903 shares of the business services provider’s stock worth $35,998,000 after buying an additional 13,666 shares during the period. Finally, Vanguard Group Inc. raised its holdings 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 worth $2,881,905,000 after buying an additional 270,867 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In other Copart news, Director Matt Blunt sold 100,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Copart news, Director Matt Blunt sold 100,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Englander sold 320,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total value of $15,052,800.00. The disclosure for this sale can be found here. Insiders sold 705,000 shares of company stock worth $35,910,750 over the last three months. 10.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CPRT has been the topic of a number of research reports. StockNews.com downgraded Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. initiated coverage on Copart in a report on Tuesday, February 27th. They issued a “neutral” rating and a $48.00 price objective on the stock. Finally, HSBC initiated coverage on Copart in a report on Monday, December 4th. They issued a “hold” rating and a $51.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.00.

Copart Price Performance

Shares of CPRT stock opened at $57.24 on Thursday. The stock has a market cap of $55.04 billion, a P/E ratio of 41.18 and a beta of 1.22. Copart, Inc. has a one year low of $36.30 and a one year high of $57.90. The stock has a fifty day moving average price of $52.13 and a 200 day moving average price of $48.65.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Copart, Inc. will post 1.42 EPS for the current 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.