68,841 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,841 shares of the business services provider's stock, valued at approximately $3,951,000.

Several other institutional investors have also recently added to or reduced their stakes in CPRT. Mn Services Vermogensbeheer B.V. increased its position in 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 worth $19,494,000 after purchasing an additional 8,300 shares during the period. National Pension Service grew its stake in shares of Copart by 3.2% during the 4th 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 acquired a new position in shares of Copart during the 4th quarter worth $3,962,000. Sanctuary Advisors LLC grew its stake in shares of Copart by 21.2% during the 3rd 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 during the period. Finally, Geode Capital Management LLC grew its position in Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock worth $979,547,000 after buying an additional 291,580 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Transactions at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diane M. Morefield sold 30,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 398,790 shares of company stock valued at $23,161,540 in the last ninety days. Corporate insiders own 9.68% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped 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.

Copart Price Performance

Copart stock traded up $0.15 during trading hours on Wednesday, hitting $54.41. The stock had a trading volume of 6,079,368 shares, compared to its average volume of 4,081,137. The stock has a market capitalization of $52.57 billion, a price-to-earnings ratio of 36.52 and a beta of 1.30. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock's fifty day moving average is $57.45 and its two-hundred day moving average is $55.96.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Copart Company 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.