Union Bancaire Privee UBP SA Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Union Bancaire Privee UBP SA acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, HoldingsChannel reports. The firm acquired 13,466 shares of the business services provider’s stock, valued at approximately $742,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Copart by 62.2% in the 4th quarter. Blue Trust Inc. now owns 10,887 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 4,173 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in Copart by 27.4% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 2,957,035 shares of the business services provider’s stock valued at $169,704,000 after buying an additional 636,540 shares during the period. KFG Wealth Management LLC increased its stake in shares of Copart by 15.3% during the 4th quarter. KFG Wealth Management LLC now owns 5,561 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 737 shares during the last quarter. Blue Square Asset Management LLC purchased a new position in shares of Copart during the 4th quarter worth about $210,000. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Copart by 8.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 8,628 shares of the business services provider’s stock worth $495,000 after acquiring an additional 706 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $57.31 on Wednesday. The business has a 50-day moving average of $59.14 and a two-hundred day moving average of $54.86. The firm has a market capitalization of $55.22 billion, a PE ratio of 40.36 and a beta of 1.33. Copart, Inc. has a 12 month low of $47.73 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last posted 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 net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s revenue was up 12.4% on a year-over-year basis. As a group, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other news, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 over the last 90 days. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target 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.

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.