Ieq Capital LLC grew its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,573 shares of the business services provider's stock after purchasing an additional 12,928 shares during the period. Ieq Capital LLC's holdings in Copart were worth $6,518,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Jensen Investment Management Inc. lifted its stake 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 worth $185,299,000 after acquiring an additional 3,398,423 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Copart by 462.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider's stock worth $192,240,000 after purchasing an additional 3,016,795 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Copart by 335.8% in the third 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. boosted its stake in shares of Copart by 706.6% in the third 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, PineStone Asset Management Inc. grew its holdings in shares of Copart by 192.4% in the fourth quarter. PineStone Asset Management Inc. now owns 1,585,400 shares of the business services provider's stock valued at $90,986,000 after purchasing an additional 1,043,200 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.
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 shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 650,213 shares of company stock worth $39,199,813. Corporate insiders own 9.68% of the company's stock.
Copart Stock Down 2.8 %
NASDAQ CPRT traded down $1.61 during trading hours on Friday, hitting $56.61. 7,227,988 shares of the company were exchanged, compared to its average volume of 3,550,620. The firm has a market cap of $54.55 billion, a price-to-earnings ratio of 39.87 and a beta of 1.33. The company has a 50 day moving average of $58.07 and a two-hundred day moving average of $55.61. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.
Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. raised their price target 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.
View Our Latest Analysis on Copart
About Copart
(
Free Report)
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.
Featured Articles
Before you consider Copart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Copart wasn't on the list.
While Copart currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
