Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Copart, Inc. (NASDAQ:CPRT)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 789,903 shares of the business services provider's stock, valued at approximately $45,333,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Copart at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank raised its stake in Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the period. Sunbelt Securities Inc. acquired a new stake in Copart during the 4th quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Copart during the 4th quarter valued at $45,000. Curio Wealth LLC acquired a new stake in Copart during the 4th quarter valued at $52,000. Finally, Itau Unibanco Holding S.A. raised its stake in Copart by 340.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock valued at $53,000 after purchasing an additional 708 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Performance

Shares of NASDAQ CPRT traded down $0.39 during mid-day trading on Friday, hitting $51.03. 16,256,986 shares of the stock were exchanged, compared to its average volume of 4,629,147. The company has a market cap of $49.30 billion, a P/E ratio of 34.25 and a beta of 1.20. The stock's fifty day simple moving average is $58.68 and its two-hundred day simple moving average is $58.11. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.23 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 sold 200,000 shares of company stock worth $11,401,000 in the last quarter. Corporate insiders own 9.68% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd.

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.