Smartleaf Asset Management LLC Raises Stake in Copart, Inc. (NASDAQ:CPRT)

Smartleaf Asset Management LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,725 shares of the business services provider’s stock after acquiring an additional 468 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Copart were worth $449,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Stephens Inc. AR lifted its stake in shares of Copart by 3.0% in the 3rd quarter. Stephens Inc. AR now owns 27,979 shares of the business services provider’s stock valued at $1,466,000 after acquiring an additional 808 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in Copart in the third quarter valued at approximately $319,000. Van ECK Associates Corp lifted its position in Copart by 11.0% in 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 during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake 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 during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Copart by 2.2% in the third quarter. Asset Management One Co. Ltd. now owns 425,564 shares of the business services provider’s stock worth $22,300,000 after purchasing an additional 9,143 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Down 0.7 %

Copart stock opened at $54.26 on Wednesday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm has a market cap of $52.28 billion, a P/E ratio of 36.42 and a beta of 1.33. The firm has a 50-day moving average of $57.45 and a 200-day moving average of $55.96.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.13 billion. Research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.

Insider Buying and Selling

In related news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were 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. The trade was a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated 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. Insiders sold 398,790 shares of company stock valued at $23,161,540 over the last quarter. 9.68% of the stock is owned by company insiders.

Copart 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.