Alyeska Investment Group L.P. Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Alyeska Investment Group L.P. bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 174,156 shares of the business services provider's stock, valued at approximately $9,995,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. boosted its holdings in Copart by 2.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock worth $19,494,000 after purchasing an additional 8,300 shares during the last quarter. National Pension Service boosted its stake in shares of Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after buying an additional 48,334 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Copart by 289.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock worth $1,970,000 after acquiring an additional 25,512 shares during the period. Tsai Capital Corp increased its position in Copart by 13.3% during the fourth 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 during the last quarter. Finally, Kieckhefer Group LLC bought a new position in Copart in the fourth quarter valued at about $3,962,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insider Buying and Selling

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the company'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. In the last ninety days, insiders sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is owned by corporate insiders.

Copart Stock Performance

Shares of CPRT stock traded down $0.26 during mid-day trading on Friday, reaching $61.52. 2,553,665 shares of the company's stock traded hands, compared to its average volume of 4,413,778. The firm has a market capitalization of $59.43 billion, a PE ratio of 41.29 and a beta of 1.20. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm has a 50 day moving average price of $57.26 and a two-hundred day moving average price of $57.58.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

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.