Allianz SE Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Allianz SE bought a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 49,180 shares of the business services provider's stock, valued at approximately $2,859,000.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after purchasing an additional 941,858 shares during the period. CreativeOne Wealth LLC raised its position in Copart by 106.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 9,605 shares of the business services provider's stock worth $503,000 after purchasing an additional 4,951 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Copart by 13.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 188,277 shares of the business services provider's stock worth $9,866,000 after buying an additional 22,592 shares during the period. Public Sector Pension Investment Board grew its position in shares of Copart by 12.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 39,340 shares of the business services provider's stock valued at $2,061,000 after buying an additional 4,500 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Copart in the third quarter valued at about $761,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Insider Buying and Selling at Copart

In other news, 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 value of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Blunt sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,480 shares of company stock valued at $21,667,683. 9.68% of the stock is currently owned by company insiders.

Copart Trading Up 0.5 %

CPRT stock traded up $0.26 during midday trading on Wednesday, hitting $57.47. The stock had a trading volume of 3,827,435 shares, compared to its average volume of 4,275,243. The firm has a market cap of $55.52 billion, a P/E ratio of 38.57 and a beta of 1.30. The business has a fifty day moving average price of $56.32 and a two-hundred day moving average price of $56.33. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.13 billion. On average, equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

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.