Commerzbank Aktiengesellschaft FI Makes New $233,000 Investment in Copart, Inc. (NASDAQ:CPRT)

Commerzbank Aktiengesellschaft FI bought a new position in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,739 shares of the business services provider’s stock, valued at approximately $233,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Copart by 108.1% in the 3rd quarter. CWM LLC now owns 24,693 shares of the business services provider’s stock worth $1,064,000 after purchasing an additional 12,826 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of Copart by 90.9% in the 3rd quarter. AE Wealth Management LLC now owns 19,503 shares of the business services provider’s stock worth $840,000 after purchasing an additional 9,287 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Copart by 98.9% in the 3rd quarter. Global Retirement Partners LLC now owns 5,700 shares of the business services provider’s stock worth $249,000 after purchasing an additional 2,834 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Copart by 66.9% in the 3rd quarter. SG Americas Securities LLC now owns 81,305 shares of the business services provider’s stock worth $3,503,000 after purchasing an additional 32,580 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new position in shares of Copart in the 3rd quarter worth about $205,000. 85.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CPRT has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.00.

Insiders Place Their Bets

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the sale, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 985,000 shares of company stock worth $55,519,950. 10.23% of the stock is currently owned by company insiders.

Copart Stock Performance

NASDAQ CPRT opened at $53.30 on Tuesday. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58. The stock has a 50 day simple moving average of $54.40 and a two-hundred day simple moving average of $50.21. The stock has a market cap of $51.25 billion, a P/E ratio of 38.35 and a beta of 1.22.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $0.31 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Sell-side analysts predict that Copart, Inc. will post 1.42 earnings per share 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.