Copart, Inc. (NASDAQ:CPRT) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 289.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,322 shares of the business services provider's stock after buying an additional 25,512 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Copart were worth $1,970,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CPRT. Mn Services Vermogensbeheer B.V. lifted its stake in shares of 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 worth $19,494,000 after acquiring an additional 8,300 shares during the period. National Pension Service lifted 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 acquiring an additional 48,334 shares during the period. Tsai Capital Corp lifted its stake in shares of Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock worth $3,540,000 after acquiring an additional 7,230 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Copart in the 4th quarter worth $3,962,000. Finally, Cobblestone Capital Advisors LLC NY lifted its stake in shares of Copart by 47.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock worth $22,565,000 after acquiring an additional 126,436 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Down 1.7 %

Shares of CPRT traded down $1.07 on Friday, reaching $60.90. The stock had a trading volume of 4,381,054 shares, compared to its average volume of 4,421,581. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm has a market capitalization of $58.84 billion, a PE ratio of 40.87 and a beta of 1.22. The firm has a 50-day moving average of $56.34 and a 200 day moving average of $57.15.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

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

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.