Sumitomo Mitsui Trust Holdings Inc. Has $112.82 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,302,474 shares of the business services provider’s stock after selling 16,305 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Copart were worth $112,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Copart during the third quarter worth $25,000. Manchester Capital Management LLC raised its stake 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 purchasing an additional 314 shares in the last quarter. Quarry LP acquired a new position in Copart in the first quarter valued at about $29,000. Bell Investment Advisors Inc raised its stake in Copart by 87.1% in the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 323 shares in the last quarter. Finally, Annapolis Financial Services LLC raised its stake 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 purchasing an additional 360 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now directly owns 35,000 shares in the company, valued at $1,934,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 985,000 shares of company stock worth $55,519,950. Insiders own 10.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Trading Down 0.7 %

NASDAQ:CPRT opened at $54.38 on Wednesday. The stock has a market cap of $52.29 billion, a P/E ratio of 39.12 and a beta of 1.22. The stock’s 50-day moving average is $54.20 and its 200-day moving average is $49.93. Copart, Inc. has a 1-year low of $38.35 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last released its quarterly 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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, equities analysts forecast that Copart, Inc. will post 1.42 EPS for the current 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.