Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Amundi

Amundi increased its position in Copart, Inc. (NASDAQ:CPRT) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,080,834 shares of the business services provider’s stock after acquiring an additional 1,090,841 shares during the period. Amundi’s holdings in Copart were worth $402,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CPRT. Robeco Institutional Asset Management B.V. grew its holdings in shares of Copart by 10.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,488 shares of the business services provider’s stock worth $2,436,000 after acquiring an additional 4,225 shares during the period. Concurrent Investment Advisors LLC lifted its stake 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. lifted its stake in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares in the last quarter. Portside Wealth Group LLC lifted its stake in Copart by 9.7% in 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 in the last quarter. Finally, Fiera Capital Corp purchased a new stake in Copart in the 3rd quarter valued at approximately $22,183,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

CPRT stock opened at $53.74 on Friday. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The firm has a market cap of $51.92 billion, a P/E ratio of 36.07 and a beta of 1.30. The stock’s 50 day moving average price is $57.16 and its 200 day moving average price is $55.98.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share 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 analyst estimates of $1.13 billion. On average, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

Insiders Place Their Bets

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 315,480 shares of company stock valued at $18,007,983 in the last quarter. 9.68% of the stock is currently owned by company insiders.

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.