Oddo BHF Asset Management Sas Takes Position in Copart, Inc. (NASDAQ:CPRT)

Oddo BHF Asset Management Sas purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,007 shares of the business services provider's stock, valued at approximately $1,206,000.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Copart by 1,282.8% in the 2nd quarter. Blue Trust Inc. now owns 7,301 shares of the business services provider's stock valued at $423,000 after buying an additional 6,773 shares during the last quarter. TCW Group Inc. increased its position in Copart by 9.1% during the second quarter. TCW Group Inc. now owns 12,233 shares of the business services provider's stock worth $663,000 after acquiring an additional 1,024 shares during the period. Values First Advisors Inc. increased its position in Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider's stock worth $384,000 after acquiring an additional 201 shares during the period. Chesley Taft & Associates LLC raised its stake in Copart by 1.9% during the 2nd quarter. Chesley Taft & Associates LLC now owns 16,385 shares of the business services provider's stock valued at $887,000 after purchasing an additional 310 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Copart by 14.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 19,970 shares of the business services provider's stock valued at $1,082,000 after purchasing an additional 2,453 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th.

Copart Stock Down 1.4 %

Copart stock traded down $0.85 on Friday, hitting $61.23. The company's stock had a trading volume of 2,702,567 shares, compared to its average volume of 4,429,008. The company has a fifty day moving average price of $57.01 and a 200-day moving average price of $54.03. The firm has a market cap of $59.00 billion, a P/E ratio of 43.12 and a beta of 1.31. Copart, Inc. has a one year low of $46.21 and a one year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm's revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now directly owns 7,850 shares in the company, valued at $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by insiders.

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.