Copart, Inc. (NASDAQ:CPRT) Stock Holdings Trimmed by Norinchukin Bank The

Norinchukin Bank The lessened its position in shares of Copart, Inc. (NASDAQ:CPRT) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 509,313 shares of the business services provider’s stock after selling 90,266 shares during the period. Norinchukin Bank The owned about 0.05% of Copart worth $29,229,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CPRT. Mn Services Vermogensbeheer B.V. lifted its stake in Copart by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after purchasing an additional 8,300 shares during the last quarter. National Pension Service raised its holdings in shares of Copart by 3.2% during the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares during the period. Tsai Capital Corp lifted its position in shares of Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock worth $3,540,000 after buying an additional 7,230 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Copart in the 4th quarter valued at about $3,962,000. Finally, Cobblestone Capital Advisors LLC NY grew its position in shares of Copart by 47.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock valued at $22,565,000 after buying an additional 126,436 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Argus downgraded Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Insider Activity

In other news, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,000 shares of company stock valued at $11,401,000. Insiders own 9.68% of the company’s stock.

Copart Price Performance

Shares of NASDAQ CPRT opened at $59.68 on Friday. The firm has a market capitalization of $57.66 billion, a PE ratio of 40.05 and a beta of 1.22. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business’s fifty day moving average price is $56.22 and its two-hundred day moving average price is $56.87.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities research analysts expect 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.