Mediolanum International Funds Ltd Increases Position in Copart, Inc. (NASDAQ:CPRT)

Mediolanum International Funds Ltd boosted its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,167 shares of the business services provider's stock after buying an additional 36,771 shares during the quarter. Mediolanum International Funds Ltd's holdings in Copart were worth $16,188,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Algert Global LLC acquired a new position in shares of Copart during the 2nd quarter worth approximately $551,000. Creative Planning grew its holdings in Copart by 3.8% in the 2nd quarter. Creative Planning now owns 139,956 shares of the business services provider's stock valued at $7,580,000 after buying an additional 5,166 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Copart by 19.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,159 shares of the business services provider's stock worth $2,175,000 after acquiring an additional 6,548 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Copart by 4.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 27,418 shares of the business services provider's stock worth $1,485,000 after acquiring an additional 1,127 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in shares of Copart by 3.2% in the second quarter. EP Wealth Advisors LLC now owns 10,736 shares of the business services provider's stock valued at $581,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Trading Down 0.0 %

Copart stock traded down $0.01 during mid-day trading on Tuesday, hitting $57.76. The company's stock had a trading volume of 1,336,343 shares, compared to its average volume of 3,335,303. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The firm has a market capitalization of $55.65 billion, a PE ratio of 40.67 and a beta of 1.33. The stock's fifty day moving average is $58.99 and its two-hundred day moving average is $54.99.

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

Insider Activity

In other news, Director Thomas N. Tryforos sold 83,310 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now directly owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Matt Blunt sold 50,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their target price on shares of Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note 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.