Fortitude Family Office LLC Takes $34,000 Position in Copart, Inc. (NASDAQ:CPRT)

Fortitude Family Office LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRTFree Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 694 shares of the business services provider’s stock, valued at approximately $34,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of Copart by 64.1% in the fourth quarter. Nordea Investment Management AB now owns 1,441,839 shares of the business services provider’s stock valued at $70,448,000 after purchasing an additional 563,233 shares during the period. Checchi Capital Advisers LLC boosted its position in Copart by 72.5% in the 3rd quarter. Checchi Capital Advisers LLC now owns 6,228 shares of the business services provider’s stock valued at $268,000 after buying an additional 2,618 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Copart during the second quarter valued at about $1,060,000. The Manufacturers Life Insurance Company increased its position in shares of Copart by 96.1% during the third quarter. The Manufacturers Life Insurance Company now owns 604,901 shares of the business services provider’s stock worth $26,065,000 after acquiring an additional 296,392 shares during the last quarter. Finally, OLD National Bancorp IN lifted its stake in shares of Copart by 57.0% in the third quarter. OLD National Bancorp IN now owns 587,551 shares of the business services provider’s stock worth $25,318,000 after acquiring an additional 213,425 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 320,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $47.04, for a total transaction of $15,052,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction dated 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 owns 35,000 shares in the company, valued at $1,934,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 320,000 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $47.04, for a total transaction of $15,052,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 705,000 shares of company stock worth $35,910,750 over the last quarter. 10.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CPRT shares. HSBC started coverage on Copart in a research report on Monday, December 4th. They issued a “hold” rating and a $51.00 target price on the stock. StockNews.com cut shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Copart in a report on Tuesday, February 27th. They set a “neutral” rating and a $48.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.00.

View Our Latest Stock Report on CPRT

Copart Trading Up 0.3 %

Shares of NASDAQ CPRT opened at $57.41 on Friday. The company has a market capitalization of $55.20 billion, a price-to-earnings ratio of 41.30 and a beta of 1.22. Copart, Inc. has a twelve month low of $35.06 and a twelve month high of $57.85. The business has a 50 day simple moving average of $51.56 and a 200-day simple moving average of $48.37.

Copart (NASDAQ:CPRTGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that Copart, Inc. will post 1.42 earnings per share for the current year.

Copart Company Profile

(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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