13,466 Shares in Copart, Inc. (NASDAQ:CPRT) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,466 shares of the business services provider’s stock, valued at approximately $742,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CPRT. Optimum Investment Advisors raised its position in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank purchased a new position in Copart during the third quarter worth about $29,000. Quarry LP acquired a new stake in Copart in the third quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new stake in Copart in the 3rd quarter valued at approximately $33,000. Finally, True Wealth Design LLC increased its position in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’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. Over the last ninety days, insiders have sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Copart Stock Down 0.6 %

Shares of CPRT opened at $57.31 on Wednesday. Copart, Inc. has a 52-week low of $47.73 and a 52-week high of $64.38. The company has a 50-day simple moving average of $59.14 and a 200-day simple moving average of $54.86. The company has a market capitalization of $55.22 billion, a PE ratio of 40.36 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results 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. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. On average, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

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.