Copart, Inc. (NASDAQ:CPRT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 206,858 shares of the business services provider’s stock after purchasing an additional 18,581 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Copart were worth $11,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Quarry LP purchased a new position in Copart in the third quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Copart in the third quarter valued at about $33,000. True Wealth Design LLC raised its holdings in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the period. Continuum Advisory LLC lifted its position in Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Copart in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Price Performance

Shares of CPRT stock opened at $53.04 on Thursday. The company’s fifty day moving average price is $56.87 and its two-hundred day moving average price is $55.99. The firm has a market capitalization of $51.24 billion, a P/E ratio of 35.60 and a beta of 1.30. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly 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. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Copart

In other news, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated 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. Insiders have sold a total of 315,480 shares of company stock valued at $18,007,983 in the last three months. Corporate insiders own 9.68% of the company’s stock.

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.