98,183 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, HoldingsChannel.com reports. The firm bought 98,183 shares of the business services provider’s stock, valued at approximately $5,635,000.

A number of other hedge funds also recently modified their holdings of the business. Sandy Spring Bank lifted its stake in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares in the last quarter. Quarry LP acquired a new position in shares of Copart in the 3rd quarter valued at about $29,000. True Wealth Design LLC boosted its holdings in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the period. Curio Wealth LLC purchased a new position in Copart during the fourth quarter valued at approximately $52,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Copart in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of Copart stock opened at $55.07 on Thursday. The stock has a 50-day simple moving average of $56.38 and a 200-day simple moving average of $56.10. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm has a market cap of $53.20 billion, a price-to-earnings ratio of 36.96 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted 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. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Copart news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the 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. Over the last three months, insiders sold 385,480 shares of company stock worth $21,667,683. Corporate insiders own 9.68% of the company’s stock.

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.