KBC Group NV Boosts Position in Copart, Inc. (NASDAQ:CPRT)

KBC Group NV lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 152,667 shares of the business services provider’s stock after acquiring an additional 1,715 shares during the period. KBC Group NV’s holdings in Copart were worth $8,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CPRT. Algert Global LLC acquired a new position in shares of Copart in the second quarter valued at approximately $551,000. Creative Planning raised its holdings in Copart by 3.8% in the 2nd quarter. Creative Planning now owns 139,956 shares of the business services provider’s stock valued at $7,580,000 after acquiring an additional 5,166 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Copart by 19.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,159 shares of the business services provider’s stock worth $2,175,000 after purchasing an additional 6,548 shares during the period. Regal Investment Advisors LLC grew its position in shares of Copart by 5.1% in the second quarter. Regal Investment Advisors LLC now owns 10,309 shares of the business services provider’s stock valued at $558,000 after purchasing an additional 497 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in Copart by 4.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 27,418 shares of the business services provider’s stock valued at $1,485,000 after purchasing an additional 1,127 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by corporate insiders.

Copart Trading Up 0.0 %

Shares of Copart stock opened at $57.32 on Thursday. The business’s fifty day moving average price is $59.18 and its 200 day moving average price is $54.88. Copart, Inc. has a twelve month low of $47.92 and a twelve month high of $64.38. The stock has a market capitalization of $55.23 billion, a P/E ratio of 40.37 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 EPS 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.