Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 106.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,857 shares of the business services provider’s stock after acquiring an additional 65,025 shares during the period. Van ECK Associates Corp’s holdings in Copart were worth $5,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in Copart by 4.7% in the second quarter. Larson Financial Group LLC now owns 2,542 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 114 shares during the period. Desjardins Global Asset Management Inc. increased its stake in Copart by 3.8% in the second quarter. Desjardins Global Asset Management Inc. now owns 3,654 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 135 shares during the period. Veritable L.P. increased its stake in Copart by 0.9% in the first quarter. Veritable L.P. now owns 15,198 shares of the business services provider’s stock valued at $1,143,000 after acquiring an additional 136 shares during the period. Parallel Advisors LLC increased its stake in Copart by 3.2% in the second quarter. Parallel Advisors LLC now owns 5,647 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 175 shares during the period. Finally, Retirement Systems of Alabama increased its stake in Copart by 0.3% in the third quarter. Retirement Systems of Alabama now owns 71,048 shares of the business services provider’s stock valued at $7,560,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Copart Trading Down 0.1 %

NASDAQ CPRT opened at $50.91 on Monday. The firm has a market cap of $48.88 billion, a price-to-earnings ratio of 37.30 and a beta of 1.22. The company has a 50 day moving average of $48.63 and a 200-day moving average of $48.68. Copart, Inc. has a 1-year low of $33.62 and a 1-year high of $51.53.

Copart (NASDAQ:CPRTGet Free Report) last posted its quarterly earnings data on Thursday, November 16th. The business services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $987.90 million. Copart had a net margin of 33.14% and a return on equity of 22.45%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. On average, analysts forecast that Copart, Inc. will post 1.45 earnings per share for the current year.

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 320,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total value of $15,052,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Daniel J. Englander sold 320,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total value of $15,052,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Willis J. Johnson sold 100,765 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $49.83, for a total transaction of $5,021,119.95. Following the completion of the sale, the chairman now directly owns 50,681,963 shares of the company’s stock, valued at approximately $2,525,482,216.29. The disclosure for this sale can be found here. 10.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CPRT. StockNews.com raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. HSBC began coverage on shares of Copart in a research note on Monday, December 4th. They issued a “hold” rating and a $51.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

Read Our Latest Stock Analysis on CPRT

About Copart

(Free Report)

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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