Assenagon Asset Management S.A. Has $231.51 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Assenagon Asset Management S.A. raised its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,034,053 shares of the business services provider's stock after buying an additional 365,357 shares during the period. Assenagon Asset Management S.A. owned approximately 0.42% of Copart worth $231,514,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Optimum Investment Advisors raised its position in shares of 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 period. Eastern Bank purchased a new position in Copart in the 3rd quarter worth about $29,000. Quarry LP acquired a new stake in Copart during the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new stake in Copart during the third quarter valued at about $33,000. Finally, True Wealth Design LLC boosted its holdings in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock worth $34,000 after buying an additional 608 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

Shares of CPRT stock traded up $0.18 on Wednesday, reaching $56.40. 4,983,143 shares of the company's stock traded hands, compared to its average volume of 3,902,316. The company has a market capitalization of $54.34 billion, a P/E ratio of 39.72 and a beta of 1.31. Copart, Inc. has a 12-month low of $47.31 and a 12-month high of $64.38. The business's 50 day moving average price is $59.03 and its two-hundred day moving average price is $54.66.

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted 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 Buying and Selling at Copart

In other Copart news, 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 value of $5,153,556.60. Following the transaction, the director now directly owns 7,850 shares of the company's stock, valued at $485,601. This represents a 91.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now directly owns 14,436,557 shares of the company's stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by company 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.