Swiss National Bank Sells 69,900 Shares of Copart, Inc. (NASDAQ:CPRT)

Swiss National Bank cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,694,300 shares of the business services provider’s stock after selling 69,900 shares during the quarter. Swiss National Bank’s holdings in Copart were worth $132,021,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Copart during the third quarter valued at approximately $25,000. Manchester Capital Management LLC increased its stake in Copart by 101.0% in the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares during the period. Bell Investment Advisors Inc raised its position in Copart by 87.1% in the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after purchasing an additional 323 shares in the last quarter. Annapolis Financial Services LLC boosted its holdings in Copart by 100.0% during the third quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 360 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Copart in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 1.5 %

Shares of NASDAQ CPRT opened at $55.20 on Friday. Copart, Inc. has a 12-month low of $39.06 and a 12-month high of $58.58. The firm’s 50-day simple moving average is $55.40 and its 200 day simple moving average is $50.72. The company has a market cap of $53.07 billion, a price-to-earnings ratio of 39.71 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. Copart’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, equities analysts expect that Copart, Inc. will post 1.42 earnings per share for the current year.

Insider Buying and Selling at Copart

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. upped their target price on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

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.