Swedbank AB Has $34.93 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Swedbank AB lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 608,671 shares of the business services provider’s stock after selling 57,715 shares during the period. Swedbank AB owned 0.06% of Copart worth $34,932,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CPRT. Algert Global LLC acquired a new position in shares of Copart during the second quarter valued at $551,000. Creative Planning lifted its position in Copart by 3.8% during the 2nd quarter. Creative Planning now owns 139,956 shares of the business services provider’s stock valued at $7,580,000 after purchasing an additional 5,166 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Copart by 19.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,159 shares of the business services provider’s stock valued at $2,175,000 after purchasing an additional 6,548 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Copart by 4.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 27,418 shares of the business services provider’s stock worth $1,485,000 after buying an additional 1,127 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in shares of Copart by 3.2% during the second quarter. EP Wealth Advisors LLC now owns 10,736 shares of the business services provider’s stock worth $581,000 after buying an additional 334 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the sale, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 in the last quarter. Corporate insiders own 9.68% of the company’s stock.

Copart Trading Up 2.2 %

Copart stock opened at $58.56 on Friday. The firm has a market capitalization of $56.42 billion, a P/E ratio of 41.24 and a beta of 1.33. The business has a 50-day moving average of $59.21 and a 200-day moving average of $54.90. Copart, Inc. has a 1 year low of $47.92 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Research analysts anticipate that Copart, Inc. will post 1.57 EPS 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.