Generali Asset Management SPA SGR Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Generali Asset Management SPA SGR bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 123,201 shares of the business services provider's stock, valued at approximately $7,071,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock valued at $2,037,130,000 after acquiring an additional 941,858 shares in the last quarter. State Street Corp raised its stake in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider's stock valued at $1,789,877,000 after purchasing an additional 120,939 shares during the last quarter. Edgewood Management LLC lifted its holdings in Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock valued at $1,077,119,000 after purchasing an additional 125,220 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock worth $979,547,000 after buying an additional 291,580 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

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Copart Stock Performance

Copart stock traded down $0.22 during trading on Friday, hitting $53.63. The company's stock had a trading volume of 5,952,411 shares, compared to its average volume of 4,015,122. The stock's fifty day moving average is $56.43 and its 200 day moving average is $56.01. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock has a market capitalization of $51.81 billion, a price-to-earnings ratio of 35.99 and a beta of 1.30.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were 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 SEC, which is available at this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the business's 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 sale, the director now owns 20,000 shares of the company's stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 415,480 shares of company stock worth $23,407,983 in the last quarter. 9.68% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

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.