Copart, Inc. (NASDAQ:CPRT) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its position in Copart, Inc. (NASDAQ:CPRT) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,344 shares of the business services provider’s stock after acquiring an additional 507 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Copart were worth $2,602,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CPRT. Cadence Bank raised its position in shares of Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after purchasing an additional 178 shares during the period. Everpar Advisors LLC grew its stake in Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after buying an additional 199 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Copart by 2.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock worth $529,000 after buying an additional 208 shares during the period. Covestor Ltd lifted its stake in Copart by 5.1% in the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after buying an additional 209 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Copart by 0.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock valued at $1,447,000 after acquiring an additional 213 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of Copart 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 over the last quarter. 9.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on shares of 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

Shares of Copart stock opened at $57.86 on Wednesday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company has a market capitalization of $55.75 billion, a P/E ratio of 40.75 and a beta of 1.33. The business’s fifty day moving average price is $58.88 and its two-hundred day moving average price is $55.03.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.