Copart, Inc. (NASDAQ:CPRT) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. raised its position in Copart, Inc. (NASDAQ:CPRT) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 381,003 shares of the business services provider’s stock after acquiring an additional 15,777 shares during the period. Natixis Advisors L.P.’s holdings in Copart were worth $18,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in Copart in the 3rd quarter valued at approximately $25,000. Manchester Capital Management LLC grew its holdings in Copart by 101.0% during the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock worth $27,000 after acquiring an additional 314 shares during the period. Bell Investment Advisors Inc raised its position in Copart by 87.1% in the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after acquiring an additional 323 shares in the last quarter. Annapolis Financial Services LLC lifted its holdings in Copart by 100.0% in the third quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 360 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in shares of Copart during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Up 1.5 %

Shares of NASDAQ CPRT opened at $55.20 on Monday. The stock has a market cap of $53.07 billion, a price-to-earnings ratio of 39.71 and a beta of 1.22. The company’s 50-day moving average price is $55.40 and its 200 day moving average price is $50.79. Copart, Inc. has a 52 week low of $39.06 and a 52 week high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts expect that Copart, Inc. will post 1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPRT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.00.

Insider Activity

In related news, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the sale, the chairman now owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock worth $55,519,950 over the last three months. 10.23% of the stock is currently owned by corporate insiders.

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.