International Assets Investment Management LLC Invests $3.29 Million in Copart, Inc. (NASDAQ:CPRT)

International Assets Investment Management LLC purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 67,032 shares of the business services provider’s stock, valued at approximately $3,285,000.

Several other large investors have also recently modified their holdings of CPRT. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Copart by 1,212.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider’s stock worth $390,000 after buying an additional 2,873 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Copart by 14.6% in the 1st quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider’s stock valued at $1,061,000 after acquiring an additional 1,079 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Copart by 52.1% during the 1st quarter. Vontobel Holding Ltd. now owns 10,823 shares of the business services provider’s stock valued at $1,380,000 after purchasing an additional 3,707 shares during the last quarter. National Pension Service increased its holdings in shares of Copart by 5.0% in the 1st quarter. National Pension Service now owns 286,903 shares of the business services provider’s stock worth $35,998,000 after purchasing an additional 13,666 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Copart by 1.2% in the first quarter. Vanguard Group Inc. now owns 22,968,882 shares of the business services provider’s stock worth $2,881,905,000 after purchasing an additional 270,867 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

CPRT has been the topic of several recent analyst reports. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a research 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 company a “neutral” rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Copart currently has a consensus rating of “Hold” and an average target price of $51.00.

Insiders Place Their Bets

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

Copart Stock Performance

Copart stock opened at $54.02 on Thursday. The stock has a market cap of $51.94 billion, a PE ratio of 38.86 and a beta of 1.22. The stock has a fifty day moving average of $54.26 and a 200 day moving average of $49.96. Copart, Inc. has a one year low of $38.35 and a one year high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. Copart’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. As a group, sell-side analysts predict that Copart, Inc. will post 1.42 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.