UBS Group AG Increases Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

UBS Group AG increased its holdings in Copart, Inc. (NASDAQ:CPRTFree Report) by 108.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,511,414 shares of the business services provider’s stock after acquiring an additional 1,307,245 shares during the quarter. UBS Group AG owned approximately 0.26% of Copart worth $108,217,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CPRT. Larson Financial Group LLC increased its holdings 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 buying an additional 114 shares during the last quarter. Desjardins Global Asset Management Inc. grew its holdings in Copart by 3.8% in the 2nd quarter. Desjardins Global Asset Management Inc. now owns 3,654 shares of the business services provider’s stock worth $333,000 after buying an additional 135 shares in the last quarter. Veritable L.P. grew its holdings in Copart by 0.9% in the 1st quarter. Veritable L.P. now owns 15,198 shares of the business services provider’s stock worth $1,143,000 after buying an additional 136 shares in the last quarter. Parallel Advisors LLC grew its holdings in Copart by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,647 shares of the business services provider’s stock worth $515,000 after buying an additional 175 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Copart by 0.3% in the 3rd quarter. Retirement Systems of Alabama now owns 71,048 shares of the business services provider’s stock worth $7,560,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

CPRT has been the subject of a number of research analyst reports. StockNews.com upgraded Copart from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. HSBC started coverage on Copart in a report on Monday, December 4th. They issued a “hold” rating and a $51.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Copart has a consensus rating of “Moderate Buy” and an average price target of $45.50.

Check Out Our Latest Stock Analysis on Copart

Copart Price Performance

Copart stock opened at $50.91 on Monday. The company has a market capitalization of $48.88 billion, a price-to-earnings ratio of 37.30 and a beta of 1.22. Copart, Inc. has a one year low of $33.62 and a one year high of $51.53. The company’s fifty day moving average price is $48.63 and its two-hundred day moving average price is $48.68.

Copart (NASDAQ:CPRTGet Free Report) last posted its earnings results on Thursday, November 16th. The business services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Copart had a net margin of 33.14% and a return on equity of 22.45%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $987.90 million. During the same period in the prior year, the business posted $0.25 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.45 earnings per share for the current year.

Insider Buying and Selling at Copart

In other Copart news, Chairman Willis J. Johnson sold 100,765 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,525,482,216.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Willis J. Johnson sold 100,765 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $49.83, for a total value of $5,021,119.95. Following the completion of the sale, the chairman now owns 50,681,963 shares in the company, valued at $2,525,482,216.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel J. Englander sold 320,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were 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. Corporate insiders own 10.23% of the company’s stock.

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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