26,556 Shares in Copart, Inc. (NASDAQ:CPRT) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,556 shares of the business services provider’s stock, valued at approximately $1,524,000.

Other institutional investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. grew its position in Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock valued at $19,494,000 after acquiring an additional 8,300 shares in the last quarter. National Pension Service grew its position in Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock valued at $89,417,000 after acquiring an additional 48,334 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Copart by 289.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider’s stock valued at $1,970,000 after acquiring an additional 25,512 shares in the last quarter. Tsai Capital Corp grew its position in Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock valued at $3,540,000 after acquiring an additional 7,230 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new position in Copart in the 4th quarter valued at about $1,314,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Argus downgraded Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 5,003 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

Copart Stock Performance

Shares of Copart stock opened at $62.97 on Friday. 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 $60.83 billion, a PE ratio of 42.26 and a beta of 1.20. The business has a 50-day simple moving average of $57.97 and a 200-day simple moving average of $57.88.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.13 billion. On average, sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.