Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Holdings in Copart, Inc. (NASDAQ:CPRT)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,956 shares of the business services provider’s stock after buying an additional 6,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Copart were worth $9,811,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Eastern Bank purchased a new position in shares of Copart during the 3rd quarter valued at about $29,000. Quarry LP purchased a new position in shares of Copart during the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC bought a new position in Copart in the 3rd quarter worth $33,000. True Wealth Design LLC increased its stake in Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after buying an additional 608 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Trading Down 2.8 %

Shares of Copart stock opened at $56.61 on Monday. The firm has a market cap of $54.55 billion, a PE ratio of 38.00 and a beta of 1.33. The stock has a 50 day moving average of $57.97 and a 200 day moving average of $55.73. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 over the last 90 days. 9.68% of the stock is owned by corporate 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.