Swiss National Bank Cuts Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Swiss National Bank cut its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,449,100 shares of the business services provider's stock after selling 121,400 shares during the quarter. Swiss National Bank owned 0.25% of Copart worth $140,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YCG LLC grew its holdings in Copart by 0.4% during the fourth quarter. YCG LLC now owns 1,185,092 shares of the business services provider's stock worth $68,012,000 after acquiring an additional 4,753 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Copart by 22.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,196 shares of the business services provider's stock valued at $1,159,000 after purchasing an additional 3,670 shares during the period. HighTower Advisors LLC boosted its holdings in Copart by 164.2% during the fourth quarter. HighTower Advisors LLC now owns 611,320 shares of the business services provider's stock worth $35,084,000 after buying an additional 379,943 shares in the last quarter. Donaldson Capital Management LLC grew its position in Copart by 0.5% during the fourth quarter. Donaldson Capital Management LLC now owns 89,678 shares of the business services provider's stock worth $5,147,000 after buying an additional 472 shares during the period. Finally, King Luther Capital Management Corp increased its holdings in Copart by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 120,329 shares of the business services provider's stock valued at $6,906,000 after buying an additional 366 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

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Copart Price Performance

Shares of NASDAQ CPRT traded down $0.83 on Tuesday, hitting $52.92. The company's stock had a trading volume of 4,044,194 shares, compared to its average volume of 4,018,884. The stock has a 50 day moving average of $56.65 and a 200-day moving average of $56.02. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a market capitalization of $51.13 billion, a price-to-earnings ratio of 35.52 and a beta of 1.30.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 315,480 shares of company stock valued at $18,007,983 over the last quarter. Insiders own 9.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CPRT shares. JPMorgan Chase & Co. upped their price target on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Argus cut Copart from a "buy" rating to a "hold" rating in a research report on Friday.

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.