Swedbank AB Has $34.93 Million Position in Copart, Inc. (NASDAQ:CPRT)

Swedbank AB reduced its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 608,671 shares of the business services provider's stock after selling 57,715 shares during the period. Swedbank AB owned approximately 0.06% of Copart worth $34,932,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPRT. Optimum Investment Advisors increased its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock worth $27,000 after acquiring an additional 300 shares during the period. Eastern Bank acquired a new stake in Copart in the 3rd quarter worth $29,000. Quarry LP bought a new position in shares of Copart during the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart during the third quarter valued at about $33,000. Finally, True Wealth Design LLC lifted its stake in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock valued at $34,000 after buying an additional 608 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

CPRT opened at $58.56 on Friday. The company has a market capitalization of $56.42 billion, a P/E ratio of 41.24 and a beta of 1.33. The firm's fifty day moving average price is $59.21 and its two-hundred day moving average price is $54.90. Copart, Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $64.38.

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th.

Insider Buying and Selling at Copart

In related news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares of the company's stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the company'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. Over the last ninety days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is currently owned by corporate insiders.

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.