Copart, Inc. (NASDAQ:CPRT) Holdings Increased by Ycg LLC

Ycg LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,185,092 shares of the business services provider’s stock after buying an additional 4,753 shares during the quarter. Copart accounts for approximately 5.4% of Ycg LLC’s portfolio, making the stock its 5th biggest position. Ycg LLC’s holdings in Copart were worth $68,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CPRT. Principal Financial Group Inc. lifted its holdings in Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Copart in the 3rd quarter valued at about $33,000. Venturi Wealth Management LLC increased its holdings in shares of Copart by 37.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 9,816 shares of the business services provider’s stock valued at $514,000 after purchasing an additional 2,697 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Copart by 2.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,066,078 shares of the business services provider’s stock worth $108,262,000 after buying an additional 40,505 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Copart during the third quarter valued at approximately $212,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In related news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction dated 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 completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated 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 a total of 315,480 shares of company stock valued at $18,007,983 over the last 90 days. Insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

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

Copart Price Performance

CPRT opened at $52.91 on Wednesday. The business has a fifty day simple moving average of $56.96 and a 200 day simple moving average of $56.01. The company has a market capitalization of $51.12 billion, a PE ratio of 35.51 and a beta of 1.30. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating 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%. Equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share 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.