DekaBank Deutsche Girozentrale Has $19.61 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

DekaBank Deutsche Girozentrale lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 54.0% in the 1st quarter, Holdings Channel reports. The firm owned 346,691 shares of the business services provider’s stock after buying an additional 121,627 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Copart were worth $19,612,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CPRT. Principal Financial Group Inc. boosted its stake in shares of Copart by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock worth $2,272,369,000 after acquiring an additional 1,009,053 shares in the last quarter. Capital World Investors grew its holdings in Copart by 1.0% during the fourth quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock valued at $1,049,551,000 after purchasing an additional 207,349 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Copart by 116.1% in the first quarter. Bank of New York Mellon Corp now owns 14,808,663 shares of the business services provider’s stock valued at $857,718,000 after purchasing an additional 7,956,043 shares during the period. Norges Bank acquired a new stake in shares of Copart in the fourth quarter worth $463,262,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Copart by 4.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,242,178 shares of the business services provider’s stock worth $403,867,000 after buying an additional 370,188 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

CPRT stock traded down $0.50 on Friday, reaching $51.73. 3,767,234 shares of the company were exchanged, compared to its average volume of 4,364,919. The firm has a market capitalization of $49.78 billion, a PE ratio of 36.43 and a beta of 1.28. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The stock’s fifty day moving average price is $53.40 and its 200 day moving average price is $53.41.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. As a group, research analysts expect that Copart, Inc. will post 1.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their target price on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.00.

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.