Fjarde AP Fonden Fourth Swedish National Pension Fund Has $11.41 Million Holdings in Copart, Inc. $CPRT

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,556 shares of the business services provider’s stock after purchasing an additional 40,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Copart were worth $11,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GC Wealth Management RIA LLC acquired a new stake in shares of Copart in the 2nd quarter valued at $219,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of Copart by 52.2% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 23,862 shares of the business services provider’s stock valued at $1,350,000 after purchasing an additional 8,181 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Copart by 3.5% in the 2nd quarter. Nordea Investment Management AB now owns 753,973 shares of the business services provider’s stock valued at $36,153,000 after purchasing an additional 25,564 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Copart by 16.5% in the 1st quarter. Private Trust Co. NA now owns 4,142 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 586 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Copart by 15.9% in the 1st quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock valued at $868,417,000 after purchasing an additional 2,106,656 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In other news, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the transaction, the chief executive officer directly owned 31,332 shares of the company’s stock, valued at $1,403,360.28. This represents a 43.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.68% of the stock is currently owned by corporate insiders.

Copart Stock Performance

Shares of CPRT opened at $44.07 on Wednesday. The company has a 50-day simple moving average of $46.25 and a 200-day simple moving average of $50.24. The firm has a market capitalization of $42.65 billion, a P/E ratio of 27.54 and a beta of 1.03. Copart, Inc. has a 52 week low of $43.32 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Copart had a net margin of 33.41% and a return on equity of 18.17%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CPRT shares. HSBC set a $62.00 target price on shares of Copart and gave the stock a “buy” rating in a research report on Thursday, September 4th. Robert W. Baird dropped their price objective on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Finally, Stephens dropped their price target on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.50.

Copart Company 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.