Livforsakringsbolaget Skandia Omsesidigt Has $99,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Livforsakringsbolaget Skandia Omsesidigt grew its stake in Copart, Inc. (NASDAQ:CPRT) by 151.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,015 shares of the business services provider’s stock after buying an additional 1,215 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Copart were worth $99,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Veritable L.P. boosted its position in shares of Copart by 0.9% during the 1st quarter. Veritable L.P. now owns 15,198 shares of the business services provider’s stock valued at $1,143,000 after purchasing an additional 136 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Copart by 0.3% during the 3rd quarter. Retirement Systems of Alabama now owns 71,048 shares of the business services provider’s stock valued at $7,560,000 after purchasing an additional 189 shares in the last quarter. Hollencrest Capital Management boosted its holdings in Copart by 92.1% in the first quarter. Hollencrest Capital Management now owns 438 shares of the business services provider’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Copart by 3.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 5,640 shares of the business services provider’s stock worth $600,000 after acquiring an additional 213 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in Copart by 2.6% in the first quarter. Simon Quick Advisors LLC now owns 9,286 shares of the business services provider’s stock worth $698,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity at Copart

In related news, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the sale, the chairman now owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 985,000 shares of company stock worth $55,519,950. Company insiders own 10.23% of the company’s stock.

Wall Street Analyst Weigh In

CPRT has been the topic of several recent research reports. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. raised their target price on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Copart has a consensus rating of “Hold” and a consensus target price of $51.00.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $53.20 on Friday. The company’s 50-day moving average is $54.31 and its 200 day moving average is $49.98. The company has a market capitalization of $51.15 billion, a P/E ratio of 38.27 and a beta of 1.22. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58.

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