123,201 Shares in Copart, Inc. (NASDAQ:CPRT) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 123,201 shares of the business services provider’s stock, valued at approximately $7,071,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Copart in the 3rd quarter valued at approximately $29,000. True Wealth Design LLC boosted its holdings in Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares in the last quarter. Curio Wealth LLC purchased a new stake in Copart in the 4th quarter valued at approximately $52,000. Continuum Advisory LLC boosted its holdings in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 452 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Copart in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In other Copart news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 315,480 shares of company stock worth $18,007,983 in the last ninety days. Insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

CPRT has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Argus downgraded shares of Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Copart Trading Down 1.5 %

CPRT stock opened at $52.92 on Wednesday. The firm has a 50 day moving average of $56.58 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 cap of $51.13 billion, a price-to-earnings ratio of 35.52 and a beta of 1.30.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.