Asset Management One Co. Ltd. Purchases 26,769 Shares of Copart, Inc. $CPRT

Asset Management One Co. Ltd. raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 5.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 479,673 shares of the business services provider’s stock after purchasing an additional 26,769 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Copart were worth $23,538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Copart by 2.1% during the first quarter. Vanguard Group Inc. now owns 104,263,922 shares of the business services provider’s stock valued at $5,900,295,000 after buying an additional 2,134,890 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Copart by 3.3% during the first quarter. Principal Financial Group Inc. now owns 39,409,377 shares of the business services provider’s stock valued at $2,230,177,000 after buying an additional 1,249,687 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Copart by 15.9% during the first quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock valued at $868,417,000 after buying an additional 2,106,656 shares during the last quarter. Invesco Ltd. boosted its position in shares of Copart by 7.5% during the first quarter. Invesco Ltd. now owns 9,490,237 shares of the business services provider’s stock valued at $537,052,000 after buying an additional 658,329 shares during the last quarter. Finally, Amundi boosted its position in shares of Copart by 32.5% during the first quarter. Amundi now owns 9,380,026 shares of the business services provider’s stock valued at $531,256,000 after buying an additional 2,299,192 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CPRT has been the topic of several recent analyst reports. Stephens dropped their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. HSBC set a $62.00 price objective on Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research report on Friday. Finally, Robert W. Baird dropped their target price on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total value of $1,087,635.57. Following the sale, the chief executive officer directly owned 31,332 shares in the company, valued at $1,403,360.28. This trade represents a 43.66% decrease in their position. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by company insiders.

Copart Stock Down 0.0%

NASDAQ CPRT opened at $44.66 on Friday. The stock’s 50-day moving average price is $46.39 and its 200-day moving average price is $50.50. Copart, Inc. has a 52 week low of $43.32 and a 52 week high of $64.38. The company has a market capitalization of $43.22 billion, a P/E ratio of 27.91 and a beta of 1.03.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Research analysts anticipate 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.