Skandinaviska Enskilda Banken AB publ Trims Stake in Copart, Inc. (NASDAQ:CPRT)

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 51.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 273,152 shares of the business services provider's stock after selling 285,300 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Copart were worth $15,873,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Copart by 2.5% during the third 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 during the last quarter. Ashton Thomas Securities LLC bought a new stake in Copart during the third quarter worth about $33,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Copart by 2.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,066,078 shares of the business services provider's stock worth $108,262,000 after purchasing an additional 40,505 shares during the last quarter. Aigen Investment Management LP bought a new stake in Copart during the third quarter worth about $212,000. Finally, First Heartland Consultants Inc. lifted its stake in Copart by 6.4% during the third quarter. First Heartland Consultants Inc. now owns 6,250 shares of the business services provider's stock worth $328,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Insider Activity

In related news, Director Daniel J. Englander sold 235,480 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 50,000 shares of the business's stock in a transaction dated 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 quarter, insiders sold 315,480 shares of company stock valued at $18,007,983. Insiders own 9.68% of the company's stock.

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Analysts Set New Price Targets

CPRT has been the subject of several research analyst reports. Argus lowered Copart from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th.

Copart Stock Down 1.5 %

Shares of NASDAQ CPRT traded down $0.83 during midday trading on Tuesday, reaching $52.92. The company had a trading volume of 4,044,194 shares, compared to its average volume of 4,018,884. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The firm's fifty day moving average price is $56.65 and its 200-day moving average price is $56.02. The stock has a market cap of $51.13 billion, a PE ratio of 35.52 and a beta of 1.30.

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, beating 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 during the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

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.