Kinsale Capital Group Inc. Boosts Position in Copart, Inc. (NASDAQ:CPRT)

Kinsale Capital Group Inc. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,019 shares of the business services provider's stock after buying an additional 12,040 shares during the quarter. Copart makes up about 1.6% of Kinsale Capital Group Inc.'s investment portfolio, making the stock its 29th largest holding. Kinsale Capital Group Inc.'s holdings in Copart were worth $5,855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPRT. Mn Services Vermogensbeheer B.V. grew its stake in shares of Copart by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after acquiring an additional 8,300 shares during the period. National Pension Service boosted its position in shares of Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after purchasing an additional 48,334 shares during the period. Kieckhefer Group LLC bought a new position in shares of Copart in the fourth quarter worth approximately $3,962,000. Sanctuary Advisors LLC increased its stake in shares of Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock worth $2,765,000 after purchasing an additional 9,222 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock valued at $979,547,000 after purchasing an additional 291,580 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the firm'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the transaction, the director now directly owns 7,850 shares of the company's stock, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 398,790 shares of company stock valued at $23,161,540. 9.68% of the stock is owned by corporate insiders.

Copart Trading Up 1.2 %

CPRT traded up $0.64 during trading on Monday, hitting $55.44. 5,721,679 shares of the company traded hands, compared to its average volume of 3,872,194. The company has a market cap of $53.42 billion, a PE ratio of 37.15 and a beta of 1.33. The stock's 50-day simple moving average is $57.62 and its two-hundred day simple moving average is $55.92. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Equities analysts expect 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 Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th.

About Copart

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.