Vontobel Holding Ltd. Sells 155,501 Shares of Copart, Inc. (NASDAQ:CPRT)

Vontobel Holding Ltd. reduced its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,481,619 shares of the business services provider's stock after selling 155,501 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.26% of Copart worth $142,420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPRT. Jensen Investment Management Inc. increased its position in Copart by 2,466.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider's stock valued at $185,299,000 after purchasing an additional 3,398,423 shares during the period. Assenagon Asset Management S.A. increased its position in Copart by 462.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider's stock valued at $192,240,000 after purchasing an additional 3,016,795 shares during the period. Franklin Resources Inc. increased its position in Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock valued at $149,471,000 after purchasing an additional 2,084,626 shares during the period. Comgest Global Investors S.A.S. increased its position in Copart by 706.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider's stock valued at $83,153,000 after purchasing an additional 1,390,146 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Copart by 1,103.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,062,931 shares of the business services provider's stock valued at $55,698,000 after purchasing an additional 974,585 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Up 0.3 %

Shares of NASDAQ:CPRT traded up $0.20 during midday trading on Tuesday, reaching $59.59. The company's stock had a trading volume of 3,188,904 shares, compared to its average volume of 3,300,968. The firm has a 50 day moving average of $58.20 and a 200-day moving average of $55.56. The firm has a market capitalization of $57.42 billion, a P/E ratio of 41.96 and a beta of 1.33. 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 earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company's revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. On average, research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the company's stock in a transaction on 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 completion of the sale, the chairman now 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. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 in the last quarter. Corporate insiders own 9.68% of the company's stock.

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.