Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lifted by Caprock Group LLC

Caprock Group LLC lifted its position in Copart, Inc. (NASDAQ:CPRT) by 7.7% in the 4th quarter, Holdings Channel reports. The fund owned 36,641 shares of the business services provider’s stock after buying an additional 2,632 shares during the period. Caprock Group LLC’s holdings in Copart were worth $2,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jensen Investment Management Inc. boosted its position in shares of Copart by 2,466.0% in the third quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after buying an additional 3,398,423 shares during the period. Assenagon Asset Management S.A. lifted its stake in Copart by 462.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock worth $192,240,000 after acquiring an additional 3,016,795 shares in the last quarter. Franklin Resources Inc. boosted its position in Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after acquiring an additional 2,084,626 shares during the period. Comgest Global Investors S.A.S. grew its stake in Copart by 706.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock valued at $83,153,000 after acquiring an additional 1,390,146 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Copart by 1,103.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,062,931 shares of the business services provider’s stock valued at $55,698,000 after purchasing an additional 974,585 shares during the period. 85.78% of the stock is currently 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 stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % 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, Chairman A Jayson Adair sold 251,423 shares of the business’s 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 directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is currently owned by corporate insiders.

Copart Trading Down 1.1 %

NASDAQ CPRT opened at $57.93 on Friday. The company has a market capitalization of $55.82 billion, a PE ratio of 40.80 and a beta of 1.33. Copart, Inc. has a 1-year low of $47.92 and a 1-year high of $64.38. The firm’s fifty day simple moving average is $59.11 and its 200-day simple moving average is $54.93.

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

Analyst Upgrades and Downgrades

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