Harvest Fund Management Co. Ltd Has $785,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Harvest Fund Management Co. Ltd raised its position in Copart, Inc. (NASDAQ:CPRT) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,106 shares of the business services provider’s stock after acquiring an additional 924 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Copart were worth $785,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CPRT. Vanguard Group Inc. lifted its holdings in shares of Copart by 100.6% in the third quarter. Vanguard Group Inc. now owns 97,512,662 shares of the business services provider’s stock valued at $4,201,821,000 after purchasing an additional 48,891,984 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Copart by 96.8% in the third quarter. Principal Financial Group Inc. now owns 39,803,057 shares of the business services provider’s stock valued at $1,715,114,000 after purchasing an additional 19,576,719 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Copart by 84.4% in the third quarter. Wellington Management Group LLP now owns 17,929,180 shares of the business services provider’s stock valued at $772,568,000 after purchasing an additional 8,205,757 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Copart by 79.1% in the third quarter. JPMorgan Chase & Co. now owns 17,359,152 shares of the business services provider’s stock valued at $748,006,000 after purchasing an additional 7,666,881 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Copart by 93.6% in the third quarter. FMR LLC now owns 14,733,860 shares of the business services provider’s stock valued at $634,882,000 after purchasing an additional 7,122,991 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 985,000 shares of company stock worth $55,519,950 over the last ninety days. 10.23% of the stock is owned by corporate insiders.

Copart Trading Up 1.1 %

Shares of NASDAQ CPRT traded up $0.62 during mid-day trading on Wednesday, hitting $54.93. The company had a trading volume of 3,716,062 shares, compared to its average volume of 4,597,710. The company has a market capitalization of $52.82 billion, a price-to-earnings ratio of 39.07 and a beta of 1.22. Copart, Inc. has a 1 year low of $38.35 and a 1 year high of $58.58. The stock’s 50-day moving average price is $54.50 and its 200-day moving average price is $50.28.

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

Analyst Ratings Changes

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