Union Bancaire Privee UBP SA Makes New $742,000 Investment in Copart, Inc. (NASDAQ:CPRT)

Union Bancaire Privee UBP SA bought a new position in Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,466 shares of the business services provider’s stock, valued at approximately $742,000.

A number of other large investors have also recently modified their holdings of CPRT. Quarry LP bought a new stake in shares of Copart during the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart during the 3rd quarter valued at about $33,000. True Wealth Design LLC boosted its position in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Copart during the 4th quarter valued at about $54,000. Finally, Continuum Advisory LLC boosted its position in shares of Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

NASDAQ:CPRT opened at $56.75 on Tuesday. The business has a 50 day moving average of $57.89 and a 200 day moving average of $55.78. The company has a market capitalization of $54.68 billion, a price-to-earnings ratio of 38.09 and a beta of 1.33. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

Insider Buying and Selling

In other Copart news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 398,790 shares of company stock worth $23,161,540 in the last quarter. 9.68% of the stock is owned by insiders.

Copart 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.