Czech National Bank Purchases 11,693 Shares of Copart, Inc. (NASDAQ:CPRT)

Czech National Bank grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,080 shares of the business services provider's stock after purchasing an additional 11,693 shares during the period. Czech National Bank's holdings in Copart were worth $10,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Optimum Investment Advisors raised its holdings 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 valued at $27,000 after acquiring an additional 300 shares during the period. Eastern Bank acquired a new stake in Copart during the 3rd quarter valued at $29,000. Quarry LP purchased a new stake in shares of Copart in the third quarter valued at $29,000. Meeder Asset Management Inc. boosted its position in shares of Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock worth $31,000 after buying an additional 425 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Copart during the third quarter valued at $33,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity at Copart

In other news, Director Diane M. Morefield sold 30,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the company's stock in a transaction that occurred 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 transaction, the chairman now owns 14,436,557 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is currently owned by corporate insiders.

Copart Trading Up 1.1 %

CPRT stock traded up $0.59 during midday trading on Tuesday, reaching $56.22. The company had a trading volume of 4,107,408 shares, compared to its average volume of 3,648,139. The company has a 50 day moving average of $58.96 and a two-hundred day moving average of $54.65. The company has a market capitalization of $54.17 billion, a P/E ratio of 39.59 and a beta of 1.33. Copart, Inc. has a 1 year low of $47.31 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. Copart's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

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

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.