ABC Arbitrage SA Purchases Shares of 20,013 Copart, Inc. (NASDAQ:CPRT)

ABC Arbitrage SA acquired a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,013 shares of the business services provider's stock, valued at approximately $1,149,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Creative Planning grew its stake in shares of Copart by 1.2% during the 3rd quarter. Creative Planning now owns 141,602 shares of the business services provider's stock worth $7,420,000 after purchasing an additional 1,646 shares during the period. Optimum Investment Advisors raised its holdings in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Copart by 2.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 90,061 shares of the business services provider's stock worth $4,719,000 after buying an additional 1,728 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Copart by 72.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 13,880 shares of the business services provider's stock valued at $727,000 after acquiring an additional 5,837 shares during the last quarter. Finally, Stonegate Investment Group LLC increased its holdings in Copart by 4.9% during the 3rd quarter. Stonegate Investment Group LLC now owns 5,673 shares of the business services provider's stock valued at $297,000 after acquiring an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on shares of Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th.

Insider Activity at Copart

In related news, Director Matt Blunt sold 50,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is owned by company insiders.

Copart Trading Up 0.3 %

Shares of NASDAQ CPRT traded up $0.15 during midday trading on Wednesday, reaching $59.74. 3,636,256 shares of the stock were exchanged, compared to its average volume of 3,311,239. The stock has a 50 day moving average price of $58.20 and a 200-day moving average price of $55.56. The company has a market capitalization of $57.56 billion, a P/E ratio of 42.07 and a beta of 1.33. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results 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 return on equity of 18.96% and a net margin of 31.92%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The business's quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

About Copart

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.