LGT Fund Management Co Ltd. Has $3.06 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

LGT Fund Management Co Ltd. lessened its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,300 shares of the business services provider's stock after selling 30,000 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Copart were worth $3,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new stake in Copart in the third quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart in the 3rd quarter valued at about $33,000. True Wealth Design LLC lifted its stake in Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock valued at $34,000 after purchasing an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Copart during the fourth quarter worth about $54,000. Finally, Continuum Advisory LLC grew its holdings in Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock worth $55,000 after purchasing an additional 452 shares during the period. 85.78% of the stock is owned by institutional investors.

Insider Transactions at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company's stock, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the business's stock in a transaction on 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 completion of the sale, the director now owns 7,850 shares of the company's stock, valued at $485,601. This trade represents 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 quarter. Company insiders own 9.68% of the company's stock.

Analysts Set New Price Targets

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

Copart Price Performance

CPRT stock traded down $0.15 during midday trading on Monday, reaching $54.65. 8,542,366 shares of the company were exchanged, compared to its average volume of 3,945,834. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The firm has a market capitalization of $52.66 billion, a price-to-earnings ratio of 36.68 and a beta of 1.33. The business has a 50-day moving average price of $57.55 and a two-hundred day moving average price of $55.94.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. As a group, analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.