Copart, Inc. (NASDAQ:CPRT) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 365.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,071 shares of the business services provider’s stock after acquiring an additional 42,455 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Copart were worth $3,132,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Copart during the first quarter valued at approximately $28,000. Pinnacle Bancorp Inc. grew its position in Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after buying an additional 234 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Copart in the fourth quarter worth approximately $34,000. Indiana Trust & Investment Management CO acquired a new position in Copart in the first quarter worth approximately $36,000. Finally, Trust Co. of Vermont acquired a new position in Copart in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Copart stock opened at $54.13 on Thursday. The company has a 50 day moving average price of $54.18 and a 200 day moving average price of $52.91. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58. The firm has a market capitalization of $52.09 billion, a price-to-earnings ratio of 38.12 and a beta of 1.27.

Copart (NASDAQ:CPRTGet Free Report) last posted its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue was up 10.3% on a year-over-year basis. Equities analysts forecast that Copart, Inc. will post 1.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price target on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.00.

Check Out Our Latest Research Report on Copart

Copart Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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