Harvest Fund Management Co. Ltd Has $3.20 Million Position in Copart, Inc. (NASDAQ:CPRT)

Harvest Fund Management Co. Ltd boosted its position in Copart, Inc. (NASDAQ:CPRT) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,718 shares of the business services provider’s stock after purchasing an additional 12,379 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Copart were worth $3,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mn Services Vermogensbeheer B.V. increased its holdings 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 purchasing an additional 8,300 shares in the last quarter. National Pension Service increased its holdings in Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares in the last quarter. Kieckhefer Group LLC acquired a new position in Copart in the 4th quarter worth about $3,962,000. Sanctuary Advisors LLC increased its stake in shares of Copart by 21.2% in the third 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. Finally, Cobblestone Capital Advisors LLC NY increased its stake in shares of Copart by 47.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock valued at $22,565,000 after buying an additional 126,436 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CPRT shares. JPMorgan Chase & Co. increased their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Argus cut Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Copart Trading Down 1.5 %

Shares of CPRT stock opened at $52.92 on Wednesday. The stock has a market cap of $51.13 billion, a price-to-earnings ratio of 35.52 and a beta of 1.30. The stock has a 50-day moving average of $56.58 and a 200-day moving average of $56.02. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

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

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 315,480 shares of company stock valued at $18,007,983 over the last 90 days. Company insiders own 9.68% of the company’s stock.

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.