Baader Bank Aktiengesellschaft Has $1.87 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Baader Bank Aktiengesellschaft lowered its holdings in Copart, Inc. (NASDAQ:CPRT) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,660 shares of the business services provider’s stock after selling 4,825 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Copart were worth $1,874,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Kieckhefer Group LLC bought a new position in shares of Copart in the 4th quarter worth about $3,962,000. Sanctuary Advisors LLC boosted its holdings in shares of Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after acquiring an additional 291,580 shares during the period. Kinsale Capital Group Inc. increased its position in Copart by 17.7% in the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after buying an additional 13,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Copart in the third quarter valued at approximately $1,206,000. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $57.32 on Thursday. The company has a market cap of $55.23 billion, a PE ratio of 40.37 and a beta of 1.33. The stock’s 50-day moving average is $59.18 and its 200 day moving average is $54.88. Copart, Inc. has a 1 year low of $47.92 and a 1 year high of $64.38.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction that occurred on 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 sale, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 in the last quarter. Corporate insiders own 9.68% of the company’s stock.

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.