Bellecapital International Ltd. Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Bellecapital International Ltd. increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 181,241 shares of the business services provider’s stock after buying an additional 18,915 shares during the period. Copart comprises 1.8% of Bellecapital International Ltd.’s portfolio, making the stock its 18th largest holding. Bellecapital International Ltd.’s holdings in Copart were worth $10,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Copart during the third quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new position in Copart during the third quarter worth about $33,000. True Wealth Design LLC lifted its holdings in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the fourth quarter valued at about $54,000. Finally, Continuum Advisory LLC lifted its holdings in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 398,790 shares of company stock valued at $23,161,540. Company insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

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

Copart Price Performance

Shares of NASDAQ CPRT opened at $54.80 on Friday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a market capitalization of $52.80 billion, a PE ratio of 36.78 and a beta of 1.33. The firm’s 50-day moving average is $57.62 and its two-hundred day moving average is $55.89.

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