DNB Asset Management AS Purchases 3,430 Shares of Copart, Inc. (NASDAQ:CPRT)

DNB Asset Management AS lifted its position in Copart, Inc. (NASDAQ:CPRTGet Rating) by 8.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,283 shares of the business services provider’s stock after buying an additional 3,430 shares during the period. DNB Asset Management AS’s holdings in Copart were worth $5,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPRT. CVA Family Office LLC bought a new position in shares of Copart in the fourth quarter worth approximately $31,000. Rather & Kittrell Inc. bought a new position in Copart during the fourth quarter valued at approximately $37,000. Concord Wealth Partners bought a new position in Copart during the fourth quarter valued at approximately $38,000. Covestor Ltd bought a new position in Copart during the fourth quarter valued at approximately $57,000. Finally, Quent Capital LLC bought a new position in Copart during the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 87.14% of the company’s stock.

CPRT has been the topic of a number of research analyst reports. Stephens increased their price objective on shares of Copart to $145.00 and gave the company an “overweight” rating in a research report on Friday, May 20th. Guggenheim lowered their price objective on shares of Copart to $151.00 in a research report on Friday, May 20th. Finally, StockNews.com initiated coverage on shares of Copart in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $157.75.

Shares of CPRT stock opened at $106.45 on Thursday. Copart, Inc. has a 12 month low of $102.21 and a 12 month high of $161.12. The stock has a market cap of $25.30 billion, a P/E ratio of 23.71 and a beta of 1.13. The company has a current ratio of 5.47, a quick ratio of 5.35 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $112.31 and a two-hundred day simple moving average of $124.65.

Copart (NASDAQ:CPRTGet Rating) last announced its earnings results on Wednesday, May 18th. The business services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03. Copart had a net margin of 32.15% and a return on equity of 26.69%. During the same quarter in the previous year, the company earned $1.09 earnings per share. As a group, equities analysts forecast that Copart, Inc. will post 4.42 earnings per share for the current year.

In other news, Director Daniel J. Englander sold 80,000 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $110.78, for a total value of $8,862,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matt Blunt sold 10,000 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $115.72, for a total transaction of $1,157,200.00. The disclosure for this sale can be found here. Corporate insiders own 11.18% of the company’s stock.

Copart Profile (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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