Assenagon Asset Management S.A. Has $231.51 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Assenagon Asset Management S.A. raised its stake in Copart, Inc. (NASDAQ:CPRT) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,034,053 shares of the business services provider’s stock after buying an additional 365,357 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Copart were worth $231,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPRT. Fifth Third Wealth Advisors LLC increased its stake in shares of Copart by 2.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after acquiring an additional 208 shares during the last quarter. Wallace Advisory Group LLC boosted its stake in Copart by 16.3% during the 4th quarter. Wallace Advisory Group LLC now owns 10,572 shares of the business services provider’s stock worth $554,000 after acquiring an additional 1,480 shares during the last quarter. Signal Advisors Wealth LLC grew its holdings in Copart by 42.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 54,055 shares of the business services provider’s stock valued at $3,102,000 after purchasing an additional 15,993 shares during the period. Unique Wealth LLC increased its stake in Copart by 43.9% in the fourth quarter. Unique Wealth LLC now owns 5,858 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 1,788 shares in the last quarter. Finally, Eastern Bank increased its stake in Copart by 115.1% in the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 640 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price target on shares of 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 related 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 sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were 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 have sold a total of 650,213 shares of company stock worth $39,199,813 over the last ninety days. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

NASDAQ CPRT opened at $56.22 on Wednesday. Copart, Inc. has a one year low of $47.31 and a one year high of $64.38. The firm has a market cap of $54.17 billion, a P/E ratio of 39.59 and a beta of 1.33. The stock’s 50-day moving average is $58.96 and its 200-day moving average is $54.65.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis. Equities analysts anticipate that Copart, Inc. will post 1.57 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.