Copart, Inc. (NASDAQ:CPRT) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 151.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,015 shares of the business services provider’s stock after acquiring an additional 1,215 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Copart were worth $99,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Veritable L.P. lifted its position in shares of Copart by 0.9% during the 1st quarter. Veritable L.P. now owns 15,198 shares of the business services provider’s stock worth $1,143,000 after buying an additional 136 shares during the last quarter. Retirement Systems of Alabama increased its stake in Copart by 0.3% in the 3rd quarter. Retirement Systems of Alabama now owns 71,048 shares of the business services provider’s stock valued at $7,560,000 after buying an additional 189 shares during the period. Hollencrest Capital Management increased its stake in Copart by 92.1% in the 1st quarter. Hollencrest Capital Management now owns 438 shares of the business services provider’s stock valued at $33,000 after buying an additional 210 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Copart by 3.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,640 shares of the business services provider’s stock worth $600,000 after purchasing an additional 213 shares during the period. Finally, Simon Quick Advisors LLC raised its holdings in Copart by 2.6% in the first quarter. Simon Quick Advisors LLC now owns 9,286 shares of the business services provider’s stock valued at $698,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the transaction, the director now directly owns 35,000 shares in the company, valued at approximately $1,934,450. The disclosure for this sale can be found here. Over the last three months, insiders have sold 985,000 shares of company stock worth $55,519,950. 10.23% of the stock is owned by insiders.

Copart Trading Down 1.5 %

CPRT stock opened at $53.20 on Friday. Copart, Inc. has a twelve month low of $38.35 and a twelve month high of $58.58. The company has a market capitalization of $51.15 billion, a P/E ratio of 38.27 and a beta of 1.22. The firm has a 50 day simple moving average of $54.31 and a 200-day simple moving average of $49.98.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts predict that Copart, Inc. will post 1.42 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on CPRT shares. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. raised their price target on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.00.

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.