Aviva PLC Has $54.17 Million Stock Position in Copart, Inc. $CPRT

Aviva PLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 24.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,103,955 shares of the business services provider’s stock after purchasing an additional 217,051 shares during the period. Aviva PLC’s holdings in Copart were worth $54,171,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CPRT. Vanguard Group Inc. raised its stake in Copart by 2.1% during the first quarter. Vanguard Group Inc. now owns 104,263,922 shares of the business services provider’s stock worth $5,900,295,000 after acquiring an additional 2,134,890 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Copart by 15.9% during 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. Invesco Ltd. increased its position in Copart by 7.5% during the 1st quarter. Invesco Ltd. now owns 9,490,237 shares of the business services provider’s stock worth $537,052,000 after purchasing an additional 658,329 shares in the last quarter. Amundi lifted its stake in Copart by 32.5% in the 1st quarter. Amundi now owns 9,380,026 shares of the business services provider’s stock valued at $531,256,000 after purchasing an additional 2,299,192 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Copart by 0.7% in the first quarter. Northern Trust Corp now owns 8,927,156 shares of the business services provider’s stock valued at $505,188,000 after buying an additional 61,855 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is owned by insiders.

Copart Stock Performance

NASDAQ:CPRT opened at $40.51 on Friday. The company has a market capitalization of $39.21 billion, a PE ratio of 25.32 and a beta of 1.06. The company has a 50 day simple moving average of $45.23 and a two-hundred day simple moving average of $49.25. Copart, Inc. has a fifty-two week low of $39.58 and a fifty-two week high of $64.38.

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

Analyst Ratings Changes

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

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.