50,979 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,979 shares of the business services provider’s stock, valued at approximately $2,825,000.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in shares of Copart by 10.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 46,488 shares of the business services provider’s stock valued at $2,436,000 after buying an additional 4,225 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Copart by 5.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,672 shares of the business services provider’s stock valued at $297,000 after buying an additional 277 shares in the last quarter. Principal Financial Group Inc. increased its position in Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares during the last quarter. Portside Wealth Group LLC raised its position in shares of Copart by 9.7% during the 3rd quarter. Portside Wealth Group LLC now owns 14,884 shares of the business services provider’s stock valued at $780,000 after buying an additional 1,322 shares during the period. Finally, Fiera Capital Corp purchased a new stake in Copart in the third quarter valued at $22,183,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Insiders sold a total of 315,480 shares of company stock worth $18,007,983 over the last 90 days. Company insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Trading Up 0.0 %

Copart stock opened at $53.74 on Friday. The stock has a market cap of $51.92 billion, a P/E ratio of 36.07 and a beta of 1.30. The company has a fifty day simple moving average of $57.16 and a 200-day simple moving average of $55.98. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.