4,739 Shares in Copart, Inc. (NASDAQ:CPRT) Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,739 shares of the business services provider’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in shares of Copart by 64.1% during 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 acquiring an additional 563,233 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Copart by 1.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,848,048 shares of the business services provider’s stock valued at $139,554,000 after acquiring an additional 44,248 shares during the period. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Copart by 57.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 63,521 shares of the business services provider’s stock valued at $3,113,000 after acquiring an additional 23,304 shares during the period. Artemis Investment Management LLP lifted its holdings in shares of Copart by 29.0% during the fourth quarter. Artemis Investment Management LLP now owns 1,167,186 shares of the business services provider’s stock valued at $57,193,000 after acquiring an additional 262,499 shares during the period. Finally, Checchi Capital Advisers LLC lifted its holdings in shares of Copart by 72.5% during the third quarter. Checchi Capital Advisers LLC now owns 6,228 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 2,618 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. Insiders sold a total of 985,000 shares of company stock worth $55,519,950 over the last three months. 10.23% of the stock is currently owned by company insiders.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $53.30 on Tuesday. Copart, Inc. has a twelve month low of $38.35 and a twelve month high of $58.58. The firm has a market cap of $51.25 billion, a PE ratio of 38.35 and a beta of 1.22. The business has a fifty day moving average of $54.40 and a 200-day moving average of $50.21.

Copart (NASDAQ:CPRT) last announced 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). The firm had revenue of $1.02 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, analysts anticipate that Copart, Inc. will post 1.42 EPS for the current fiscal year.

About Copart

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.