Bellecapital International Ltd. grew its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,241 shares of the business services provider's stock after buying an additional 18,915 shares during the period. Copart accounts for 1.8% of Bellecapital International Ltd.'s investment portfolio, making the stock its 18th biggest position. Bellecapital International Ltd.'s holdings in Copart were worth $10,401,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in CPRT. Quarry LP acquired a new stake in Copart during the third quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Copart during the third quarter worth $33,000. True Wealth Design LLC boosted its holdings in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock worth $34,000 after purchasing an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the fourth quarter valued at $54,000. Finally, Continuum Advisory LLC increased its stake in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after purchasing an additional 452 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. lifted 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.
Read Our Latest Stock Report on CPRT
Insiders Place Their Bets
In other news, Director Daniel J. Englander sold 235,480 shares of the company'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 at this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the sale, the director now owns 7,850 shares in the company, valued at approximately $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 398,790 shares of company stock worth $23,161,540 over the last ninety days. 9.68% of the stock is owned by company insiders.
Copart Stock Up 0.3 %
Shares of NASDAQ CPRT traded up $0.15 during trading on Wednesday, hitting $54.41. 5,719,093 shares of the company traded hands, compared to its average volume of 4,094,270. The firm has a market capitalization of $52.57 billion, a P/E ratio of 36.52 and a beta of 1.30. The company has a 50-day moving average price of $57.45 and a 200-day moving average price of $55.96. 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 posted its quarterly earnings results 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. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.
Copart Company Profile
(
Free Report)
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.
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