Commerzbank Aktiengesellschaft FI Increases Stake in Copart, Inc. (NASDAQ:CPRT)

Commerzbank Aktiengesellschaft FI lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 13.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,417 shares of the business services provider’s stock after acquiring an additional 989 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Copart were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Bank of New York Mellon Corp raised its position in shares of Copart by 23.3% in the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock valued at $1,115,664,000 after purchasing an additional 3,667,534 shares during the last quarter. Jensen Investment Management Inc. raised its position in Copart by 2,466.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after buying an additional 3,398,423 shares during the last quarter. Franklin Resources Inc. raised its position in Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after buying an additional 2,084,626 shares during the last quarter. Comgest Global Investors S.A.S. raised its position in Copart by 706.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock worth $83,153,000 after buying an additional 1,390,146 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its position in Copart by 192.4% during the 4th quarter. PineStone Asset Management Inc. now owns 1,585,400 shares of the business services provider’s stock worth $90,986,000 after buying an additional 1,043,200 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Copart

In other news, 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 transaction of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 315,480 shares of company stock valued at $18,007,983 in the last 90 days. 9.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Copart Trading Up 0.3 %

CPRT opened at $54.41 on Thursday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The firm has a market capitalization of $52.57 billion, a PE ratio of 36.52 and a beta of 1.30. The firm has a 50 day moving average of $57.45 and a two-hundred day moving average of $55.96.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, analysts predict 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.