Flossbach Von Storch AG Buys 20,495 Shares of Copart, Inc. (NASDAQ:CPRT)

Flossbach Von Storch AG boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,453 shares of the business services provider’s stock after purchasing an additional 20,495 shares during the quarter. Flossbach Von Storch AG’s holdings in Copart were worth $21,435,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CPRT. Nordea Investment Management AB boosted its position in shares of Copart by 64.1% in the fourth quarter. Nordea Investment Management AB now owns 1,441,839 shares of the business services provider’s stock valued at $70,448,000 after acquiring an additional 563,233 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Copart by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,848,048 shares of the business services provider’s stock valued at $139,554,000 after acquiring an additional 44,248 shares during the period. CHURCHILL MANAGEMENT Corp lifted its position in Copart by 57.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 63,521 shares of the business services provider’s stock worth $3,113,000 after purchasing an additional 23,304 shares during the period. Artemis Investment Management LLP lifted its position in Copart by 29.0% in the fourth quarter. Artemis Investment Management LLP now owns 1,167,186 shares of the business services provider’s stock worth $57,193,000 after purchasing an additional 262,499 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in Copart by 72.5% in the third quarter. Checchi Capital Advisers LLC now owns 6,228 shares of the business services provider’s stock worth $268,000 after purchasing an additional 2,618 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

CPRT has been the subject of several research reports. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. raised their target price on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Insiders Place Their Bets

In other news, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the sale, the director now directly owns 35,000 shares in the company, valued at $1,934,450. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the sale, the director now directly owns 35,000 shares in the company, valued at $1,934,450. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 100,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. Insiders sold 985,000 shares of company stock worth $55,519,950 over the last three months. 10.23% of the stock is currently owned by corporate insiders.

Copart Stock Down 0.7 %

Copart stock traded down $0.36 during mid-day trading on Wednesday, hitting $54.02. 3,565,343 shares of the company were exchanged, compared to its average volume of 4,639,691. The business has a fifty day moving average of $54.26 and a 200 day moving average of $49.96. Copart, Inc. has a 1-year low of $38.35 and a 1-year high of $58.58. The company has a market capitalization of $51.94 billion, a PE ratio of 38.86 and a beta of 1.22.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Research analysts expect that Copart, Inc. will post 1.42 earnings per share for the current year.

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.