Union Bancaire Privee UBP SA Invests $742,000 in Copart, Inc. (NASDAQ:CPRT)

Union Bancaire Privee UBP SA purchased a new position in Copart, Inc. (NASDAQ:CPRT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,466 shares of the business services provider's stock, valued at approximately $742,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Cadence Bank grew its position in Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock valued at $1,653,000 after acquiring an additional 178 shares during the last quarter. Everpar Advisors LLC grew its holdings in shares of Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock valued at $276,000 after purchasing an additional 199 shares during the last quarter. Duncan Williams Asset Management LLC raised its position in Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider's stock worth $809,000 after purchasing an additional 203 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in Copart by 2.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider's stock worth $529,000 after purchasing an additional 208 shares during the last quarter. Finally, Covestor Ltd boosted its position in Copart by 5.1% during the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider's stock valued at $225,000 after buying an additional 209 shares during the period. Institutional investors own 85.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th.

Insider Transactions at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now directly owns 14,436,557 shares of the company's stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diane M. Morefield sold 30,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by insiders.

Copart Stock Performance

Shares of NASDAQ CPRT traded down $0.63 during mid-day trading on Friday, hitting $57.93. The stock had a trading volume of 3,277,569 shares, compared to its average volume of 3,113,497. The firm has a market cap of $55.82 billion, a P/E ratio of 40.80 and a beta of 1.33. The business has a 50 day moving average price of $59.11 and a two-hundred day moving average price of $54.93. Copart, Inc. has a 1 year low of $47.92 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate 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 period in the prior year, the firm posted $0.34 earnings per share. The company's quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.