Stonehage Fleming Financial Services Holdings Ltd lifted its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 27.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,957,035 shares of the business services provider’s stock after buying an additional 636,540 shares during the period. Copart makes up about 4.7% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 8th largest position. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Copart were worth $169,704,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new stake in shares of Copart in the fourth quarter worth about $3,962,000. Sanctuary Advisors LLC increased its stake in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares in the last quarter. Geode Capital Management LLC increased its stake in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after purchasing an additional 291,580 shares in the last quarter. Kinsale Capital Group Inc. raised its holdings in Copart by 17.7% during the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after buying an additional 13,554 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Copart in the third quarter valued at approximately $1,206,000. Institutional investors and hedge funds own 85.78% of the company’s stock.
Insider Buying and Selling
In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on CPRT
Copart Price Performance
Shares of Copart stock opened at $57.70 on Monday. The firm has a market cap of $55.60 billion, a price-to-earnings ratio of 40.63 and a beta of 1.33. Copart, Inc. has a one year low of $47.73 and a one year high of $64.38. The stock’s 50-day moving average is $59.10 and its 200-day moving average is $54.83.
Copart (NASDAQ:CPRT – Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current year.
Copart Company Profile
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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