Y Intercept Hong Kong Ltd Purchases 47,125 Shares of Copart, Inc. (NASDAQ:CPRT)

Y Intercept Hong Kong Ltd increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 179.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,458 shares of the business services provider’s stock after buying an additional 47,125 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Copart were worth $4,216,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after buying an additional 941,858 shares in the last quarter. State Street Corp grew its holdings in shares of Copart by 0.4% during the third quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after buying an additional 120,939 shares in the last quarter. Edgewood Management LLC grew its holdings in shares of Copart by 0.6% during the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock worth $1,077,119,000 after buying an additional 125,220 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after buying an additional 291,580 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Copart by 0.4% during the third quarter. Barclays PLC now owns 6,042,734 shares of the business services provider’s stock worth $316,639,000 after buying an additional 21,710 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Insider Activity

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the transaction, the director now owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock valued at $39,199,813 over the last three months. Insiders own 9.68% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $56.61 on Monday. The stock has a 50 day moving average price of $57.97 and a 200 day moving average price of $55.73. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The stock has a market capitalization of $54.55 billion, a PE ratio of 38.00 and a beta of 1.33.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. As a group, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.

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.