Harvest Fund Management Co. Ltd Raises Position in Copart, Inc. (NASDAQ:CPRT)

Harvest Fund Management Co. Ltd raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,106 shares of the business services provider’s stock after buying an additional 924 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Copart were worth $785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPRT. Yousif Capital Management LLC lifted its position in shares of Copart by 16.0% during the 4th quarter. Yousif Capital Management LLC now owns 139,199 shares of the business services provider’s stock worth $6,821,000 after purchasing an additional 19,213 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Copart during the 4th quarter worth $735,000. GAMMA Investing LLC purchased a new stake in shares of Copart during the 4th quarter worth $289,000. Linden Thomas Advisory Services LLC lifted its position in Copart by 10.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 37,428 shares of the business services provider’s stock valued at $1,834,000 after acquiring an additional 3,583 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in Copart by 57.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 209,929 shares of the business services provider’s stock valued at $10,287,000 after acquiring an additional 76,764 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Transactions at Copart

In other Copart news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,934,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock worth $55,519,950 over the last ninety days. 10.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CPRT has been the subject of a number of research reports. StockNews.com cut shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. 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 data from MarketBeat, Copart presently has a consensus rating of “Hold” and an average price target of $51.00.

Copart Stock Performance

NASDAQ CPRT traded up $0.62 during trading on Wednesday, reaching $54.93. The company’s stock had a trading volume of 3,716,062 shares, compared to its average volume of 4,597,710. The firm has a market cap of $52.82 billion, a price-to-earnings ratio of 39.07 and a beta of 1.22. Copart, Inc. has a twelve month low of $38.35 and a twelve month high of $58.58. The business’s fifty day moving average price is $54.50 and its 200-day moving average price is $50.28.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Copart, Inc. will post 1.42 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.