Greenleaf Trust Boosts Holdings in Copart, Inc. (NASDAQ:CPRT)

Greenleaf Trust lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,162 shares of the business services provider’s stock after buying an additional 519 shares during the period. Greenleaf Trust’s holdings in Copart were worth $792,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Fidelis Capital Partners LLC grew its holdings in shares of Copart by 13.2% during the 4th quarter. Fidelis Capital Partners LLC now owns 12,421 shares of the business services provider’s stock worth $609,000 after acquiring an additional 1,448 shares during the period. AIA Group Ltd raised its holdings in Copart by 11.2% in the fourth quarter. AIA Group Ltd now owns 89,695 shares of the business services provider’s stock worth $4,395,000 after purchasing an additional 9,011 shares in the last quarter. Flossbach Von Storch AG lifted its position in Copart by 4.9% during the fourth quarter. Flossbach Von Storch AG now owns 437,453 shares of the business services provider’s stock valued at $21,435,000 after buying an additional 20,495 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Copart by 151.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,015 shares of the business services provider’s stock valued at $99,000 after buying an additional 1,215 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Copart by 4.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 193,296 shares of the business services provider’s stock worth $9,471,000 after buying an additional 8,078 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Copart

In other news, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Matt Blunt sold 100,000 shares of the firm’s 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas N. Tryforos sold 285,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 $1,934,450. The disclosure for this sale can be found here. In the last three months, insiders have sold 985,000 shares of company stock worth $55,519,950. Insiders own 10.23% of the company’s stock.

Copart Price Performance

CPRT opened at $52.88 on Monday. The firm has a market cap of $50.84 billion, a PE ratio of 38.04 and a beta of 1.22. The stock has a 50-day moving average price of $54.34 and a 200-day moving average price of $50.14. Copart, Inc. has a 1 year low of $38.35 and a 1 year high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results 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). The firm 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%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.42 EPS for the current year.

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.