Copart, Inc. (NASDAQ:CPRT) Shares Purchased by National Pension Service

National Pension Service increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,558,067 shares of the business services provider’s stock after acquiring an additional 48,334 shares during the quarter. National Pension Service’s holdings in Copart were worth $89,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPRT. Quarry LP purchased a new position in Copart during the 3rd quarter worth $29,000. Ashton Thomas Securities LLC purchased a new position in Copart during the 3rd quarter worth $33,000. True Wealth Design LLC grew its position in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in Copart during the 4th quarter worth $54,000. Finally, Continuum Advisory LLC grew its position in Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after purchasing an additional 452 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Down 0.9 %

Shares of NASDAQ:CPRT opened at $56.27 on Thursday. The company has a market cap of $54.22 billion, a price-to-earnings ratio of 37.77 and a beta of 1.33. The firm’s 50-day simple moving average is $57.75 and its 200-day simple moving average is $55.82. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

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

Insider Activity

In related news, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now owns 7,850 shares of the company’s stock, valued at $485,601. This trade represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 398,790 shares of company stock valued at $23,161,540 over the last quarter. Corporate insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

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.