Banco Santander S.A. Has $1.31 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Banco Santander S.A. increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,741 shares of the business services provider’s stock after buying an additional 2,797 shares during the period. Banco Santander S.A.’s holdings in Copart were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Copart by 0.9% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 375,498 shares of the business services provider’s stock valued at $23,020,000 after buying an additional 3,471 shares in the last quarter. AMG National Trust Bank acquired a new stake in shares of Copart in the fourth quarter valued at approximately $202,000. Callan Family Office LLC acquired a new stake in shares of Copart in the fourth quarter valued at approximately $357,000. E Fund Management Co. Ltd. raised its position in shares of Copart by 32.3% in the fourth quarter. E Fund Management Co. Ltd. now owns 15,793 shares of the business services provider’s stock valued at $906,000 after buying an additional 3,857 shares in the last quarter. Finally, Candriam S.C.A. raised its position in shares of Copart by 8.0% in the fourth quarter. Candriam S.C.A. now owns 54,609 shares of the business services provider’s stock valued at $3,134,000 after buying an additional 4,036 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of CPRT opened at $53.74 on Monday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a market cap of $51.92 billion, a P/E ratio of 36.07 and a beta of 1.30. The firm has a 50 day simple moving average of $57.16 and a two-hundred day simple moving average of $56.00.

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

Insider Transactions at Copart

In other news, 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 transaction of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 315,480 shares of company stock worth $18,007,983. Corporate insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on shares of 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.