Fidelis Capital Partners LLC Boosts Position in Copart, Inc. (NASDAQ:CPRT)

Fidelis Capital Partners LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,815 shares of the business services provider’s stock after acquiring an additional 417 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Copart were worth $913,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Stephens Inc. AR boosted its position in shares of Copart by 3.0% during the third quarter. Stephens Inc. AR now owns 27,979 shares of the business services provider’s stock valued at $1,466,000 after purchasing an additional 808 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Copart during the third quarter valued at approximately $319,000. Van ECK Associates Corp boosted its position in shares of Copart by 11.0% during the third quarter. Van ECK Associates Corp now owns 165,665 shares of the business services provider’s stock valued at $8,509,000 after purchasing an additional 16,426 shares in the last quarter. BSW Wealth Partners boosted its position in shares of Copart by 9.2% during the third quarter. BSW Wealth Partners now owns 7,133 shares of the business services provider’s stock valued at $374,000 after purchasing an additional 600 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Copart by 10.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 46,488 shares of the business services provider’s stock valued at $2,436,000 after purchasing an additional 4,225 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted 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.

Copart Trading Down 0.3 %

Copart stock opened at $54.65 on Tuesday. The business’s fifty day simple moving average is $57.55 and its two-hundred day simple moving average is $55.94. 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 $52.66 billion, a price-to-earnings ratio of 36.68 and a beta of 1.33.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 398,790 shares of company stock valued at $23,161,540. 9.68% of the stock is currently owned by corporate insiders.

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.