Copart, Inc. (NASDAQ:CPRT) Stake Boosted by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,344 shares of the business services provider’s stock after buying an additional 507 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Copart were worth $2,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Kieckhefer Group LLC acquired a new stake in Copart during the 4th quarter worth about $3,962,000. Sanctuary Advisors LLC lifted its position in shares of Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after purchasing an additional 291,580 shares during the period. Kinsale Capital Group Inc. grew its position in Copart by 17.7% during the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after purchasing an additional 13,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Copart in the 3rd quarter valued at approximately $1,206,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Copart Stock Up 0.2 %

NASDAQ CPRT opened at $57.86 on Wednesday. The company has a 50 day moving average price of $58.88 and a two-hundred day moving average price of $55.03. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The stock has a market capitalization of $55.75 billion, a PE ratio of 40.75 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling

In related news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by insiders.

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.