Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 56.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,000 shares of the business services provider’s stock after buying an additional 55,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Copart were worth $8,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CPRT. Mn Services Vermogensbeheer B.V. grew its stake in Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after acquiring an additional 8,300 shares during the period. National Pension Service increased its stake in Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock valued at $89,417,000 after purchasing an additional 48,334 shares during the last quarter. Tsai Capital Corp lifted its position in Copart by 13.3% during the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock worth $3,540,000 after buying an additional 7,230 shares during the period. Kieckhefer Group LLC acquired a new stake in Copart in the 4th quarter worth about $3,962,000. Finally, Sanctuary Advisors LLC grew its holdings in Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after buying an additional 9,222 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Down 3.8 %

CPRT stock opened at $54.51 on Friday. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The company has a market cap of $52.66 billion, a price-to-earnings ratio of 36.58 and a beta of 1.22. The business has a fifty day simple moving average of $56.23 and a 200-day simple moving average of $56.42.

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

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

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.