Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 8.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 80,989 shares of the business services provider’s stock after acquiring an additional 6,480 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Copart were worth $3,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Copart during the 3rd quarter worth $25,000. Manchester Capital Management LLC increased its holdings in Copart by 101.0% in the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after buying an additional 314 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Copart by 87.1% during the 3rd 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 grew its holdings in shares of Copart by 100.0% in the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock worth $31,000 after acquiring an additional 360 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Copart by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 400 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Trading Up 0.8 %

CPRT stock opened at $53.30 on Tuesday. The company has a market cap of $51.25 billion, a PE ratio of 38.35 and a beta of 1.22. Copart, Inc. has a 12-month low of $38.35 and a 12-month high of $58.58. The stock has a 50-day moving average price of $54.40 and a two-hundred day moving average price of $50.21.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS. Equities analysts forecast that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Insider Activity

In related news, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction on Thursday, March 28th. The shares were 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 of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the sale, the director now owns 35,000 shares in the company, valued at $1,934,450. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the sale, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. 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 90 days. Company insiders own 10.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CPRT shares. StockNews.com cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $51.00.

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.