Copart, Inc. (NASDAQ:CPRT) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE decreased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 575,196 shares of the business services provider’s stock after selling 38,908 shares during the period. Flossbach Von Storch SE owned 0.06% of Copart worth $33,010,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CPRT. Eastern Bank purchased a new position in shares of Copart in the third quarter valued at $29,000. Quarry LP acquired a new stake in shares of Copart in the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new position in Copart during the 3rd quarter valued at about $33,000. True Wealth Design LLC increased its stake in 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 buying an additional 608 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Copart during the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $59.74 on Thursday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm has a market cap of $57.56 billion, a PE ratio of 42.07 and a beta of 1.33. The business has a fifty day moving average of $58.14 and a 200-day moving average of $55.59.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by company insiders.

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.