Flossbach Von Storch SE Reduces Position in Copart, Inc. (NASDAQ:CPRT)

Flossbach Von Storch SE cut its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575,196 shares of the business services provider's stock after selling 38,908 shares during the quarter. Flossbach Von Storch SE owned about 0.06% of Copart worth $33,010,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Boston Financial Mangement LLC grew its stake in shares of Copart by 0.6% during the fourth quarter. Boston Financial Mangement LLC now owns 2,001,097 shares of the business services provider's stock valued at $114,843,000 after buying an additional 11,106 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Copart by 21.3% in the fourth quarter. Handelsbanken Fonder AB now owns 557,126 shares of the business services provider's stock worth $31,973,000 after purchasing an additional 97,875 shares during the last quarter. Ieq Capital LLC increased its position in shares of Copart by 12.8% during the fourth quarter. Ieq Capital LLC now owns 113,573 shares of the business services provider's stock worth $6,518,000 after acquiring an additional 12,928 shares during the period. Freedom Day Solutions LLC boosted its holdings in shares of Copart by 6.7% in the fourth quarter. Freedom Day Solutions LLC now owns 60,333 shares of the business services provider's stock valued at $3,463,000 after purchasing an additional 3,775 shares during the period. Finally, TimesSquare Capital Management LLC grew its stake in Copart by 44.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 632,911 shares of the business services provider's stock worth $36,323,000 after purchasing an additional 195,650 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, 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 directly owns 7,850 shares in the company, valued at approximately $485,601. This trade represents a 91.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 Stock Performance

Copart stock traded down $1.61 during midday trading on Friday, hitting $56.61. 7,227,988 shares of the company's stock were exchanged, compared to its average volume of 3,550,620. The company has a market cap of $54.55 billion, a PE ratio of 39.87 and a beta of 1.33. The firm has a 50-day moving average of $57.97 and a two-hundred day moving average of $55.65. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released 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. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. As a group, equities analysts expect 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.