Candriam S.C.A. Has $3.13 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Candriam S.C.A. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 8.0% in the fourth quarter, HoldingsChannel reports. The firm owned 54,609 shares of the business services provider’s stock after acquiring an additional 4,036 shares during the period. Candriam S.C.A.’s holdings in Copart were worth $3,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPRT. Robeco Institutional Asset Management B.V. increased its holdings in Copart by 10.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,488 shares of the business services provider’s stock valued at $2,436,000 after purchasing an additional 4,225 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Copart by 5.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,672 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 277 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares during the period. Portside Wealth Group LLC increased its stake in shares of Copart by 9.7% in the 3rd quarter. Portside Wealth Group LLC now owns 14,884 shares of the business services provider’s stock valued at $780,000 after buying an additional 1,322 shares during the period. Finally, Fiera Capital Corp acquired a new stake in shares of Copart in the 3rd quarter valued at $22,183,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

NASDAQ CPRT opened at $53.74 on Friday. The stock has a fifty day moving average of $57.16 and a 200-day moving average of $55.98. The stock has a market capitalization of $51.92 billion, a P/E ratio of 36.07 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

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

Insider Buying and Selling

In related news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction 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 completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 315,480 shares of company stock valued at $18,007,983 over the last three months. Company insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Company 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.