Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,529 shares of the business services provider’s stock after acquiring an additional 1,133 shares during the quarter. Vontobel Holding Ltd.’s holdings in Copart were worth $3,456,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Crown Oak Advisors LLC purchased a new stake in Copart during the 4th quarter valued at approximately $7,724,000. Granite Bay Wealth Management LLC purchased a new stake in shares of Copart during the fourth quarter worth approximately $494,000. Outlook Wealth Advisors LLC acquired a new stake in shares of Copart during the fourth quarter worth $248,000. Louisiana State Employees Retirement System purchased a new position in Copart in the 4th quarter valued at $6,326,000. Finally, Simplicity Solutions LLC increased its stake in Copart by 9.7% in the 4th quarter. Simplicity Solutions LLC now owns 16,801 shares of the business services provider’s stock valued at $823,000 after buying an additional 1,480 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 1.5 %

NASDAQ:CPRT opened at $53.20 on Friday. The firm’s fifty day simple moving average is $54.31 and its 200-day simple moving average is $49.98. The stock has a market cap of $51.15 billion, a PE ratio of 38.27 and a beta of 1.22. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts anticipate that Copart, Inc. will post 1.42 earnings per share for the current year.

Insider Transactions at Copart

In related news, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Copart news, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction dated 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 directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock valued at $55,519,950 in the last quarter. 10.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CPRT has been the topic of several analyst reports. StockNews.com downgraded shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. lifted their price objective on 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 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.