Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lowered by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,481,619 shares of the business services provider’s stock after selling 155,501 shares during the period. Vontobel Holding Ltd. owned about 0.26% of Copart worth $142,420,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CPRT. Kieckhefer Group LLC bought a new stake in shares of Copart during the 4th quarter worth $3,962,000. Sanctuary Advisors LLC lifted its holdings in shares of Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 9,222 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after purchasing an additional 291,580 shares during the period. Kinsale Capital Group Inc. increased its stake in Copart by 17.7% in the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after purchasing an additional 13,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in Copart in the 3rd quarter worth about $1,206,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Stock Up 1.4 %

Shares of NASDAQ:CPRT opened at $59.83 on Friday. The company’s fifty day moving average is $58.34 and its two-hundred day moving average is $55.35. The company has a market cap of $57.65 billion, a P/E ratio of 42.13 and a beta of 1.33. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

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

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of Copart 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 directly 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 position. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 in the last 90 days. Company insiders own 9.68% of the company’s stock.

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.