National Bank of Canada FI Raises Stock Position in Copart, Inc. (NASDAQ:CPRT)

National Bank of Canada FI raised its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 90.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 665,634 shares of the business services provider's stock after acquiring an additional 316,120 shares during the period. National Bank of Canada FI owned approximately 0.07% of Copart worth $34,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after purchasing an additional 941,858 shares in the last quarter. State Street Corp boosted its holdings in Copart by 0.4% in the third quarter. State Street Corp now owns 34,157,967 shares of the business services provider's stock worth $1,789,877,000 after acquiring an additional 120,939 shares in the last quarter. Edgewood Management LLC boosted its holdings in Copart by 0.6% in the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock worth $1,077,119,000 after acquiring an additional 125,220 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Copart by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider's stock worth $867,017,000 after acquiring an additional 1,199,781 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Copart by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider's stock valued at $427,807,000 after acquiring an additional 30,454 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPRT has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Robert W. Baird dropped their price objective on shares of Copart from $58.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, September 5th.

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company's stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the 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 sale, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.68% of the stock is owned by corporate insiders.

Copart Stock Down 0.5 %

Shares of Copart stock traded down $0.31 on Monday, reaching $61.77. 4,251,873 shares of the stock were exchanged, compared to its average volume of 4,452,637. The business has a 50 day moving average price of $56.07 and a two-hundred day moving average price of $53.76. The firm has a market capitalization of $59.52 billion, a price-to-earnings ratio of 43.50 and a beta of 1.31. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. Copart's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. Research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

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.