Fidelis Capital Partners LLC Buys 1,448 Shares of Copart, Inc. (NASDAQ:CPRT)

Fidelis Capital Partners LLC grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 13.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,421 shares of the business services provider’s stock after buying an additional 1,448 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Copart were worth $609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AIA Group Ltd grew its holdings in shares of Copart by 11.2% during the fourth quarter. AIA Group Ltd now owns 89,695 shares of the business services provider’s stock worth $4,395,000 after buying an additional 9,011 shares in the last quarter. Flossbach Von Storch AG boosted its stake in shares of Copart by 4.9% during the 4th quarter. Flossbach Von Storch AG now owns 437,453 shares of the business services provider’s stock worth $21,435,000 after acquiring an additional 20,495 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Copart by 151.9% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,015 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 1,215 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Copart by 4.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 193,296 shares of the business services provider’s stock worth $9,471,000 after acquiring an additional 8,078 shares during the period. Finally, Duncker Streett & Co. Inc. grew its position in shares of Copart by 1.2% in the fourth quarter. Duncker Streett & Co. Inc. now owns 151,836 shares of the business services provider’s stock valued at $7,440,000 after purchasing an additional 1,737 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Copart news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction that occurred on Wednesday, March 13th. The stock was 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 $1,934,450. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock worth $55,519,950 in the last 90 days. Insiders own 10.23% of the company’s stock.

Copart Trading Down 0.5 %

Copart stock traded down $0.26 during midday trading on Friday, reaching $52.94. The company’s stock had a trading volume of 1,016,038 shares, compared to its average volume of 4,575,186. The stock has a market cap of $50.90 billion, a PE ratio of 38.27 and a beta of 1.22. Copart, Inc. has a 52 week low of $38.35 and a 52 week high of $58.58. The business has a 50-day moving average price of $54.31 and a 200-day moving average price of $49.98.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. Copart’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. As a group, research analysts predict that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. StockNews.com downgraded Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.

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.