Copart, Inc. (NASDAQ:CPRT) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 18.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,547,591 shares of the business services provider's stock after acquiring an additional 705,669 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.47% of Copart worth $260,986,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC raised its holdings in Copart by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock worth $577,000 after purchasing an additional 175 shares in the last quarter. Sandy Spring Bank grew its position in shares of Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after buying an additional 176 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Copart by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after buying an additional 184 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Copart by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after acquiring an additional 200 shares during the last quarter. Finally, Simmons Bank boosted its stake in Copart by 4.4% in the fourth quarter. Simmons Bank now owns 4,728 shares of the business services provider's stock valued at $271,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Stock Performance

NASDAQ CPRT traded down $0.38 during trading on Tuesday, reaching $53.29. The company's stock had a trading volume of 4,152,129 shares, compared to its average volume of 4,518,774. The business's fifty day moving average price is $58.90 and its 200-day moving average price is $58.26. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm has a market cap of $51.48 billion, a price-to-earnings ratio of 35.82 and a beta of 1.20.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Argus downgraded Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their price objective on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday.

Insider Transactions at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction on 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 legal filing with the SEC, which is available through this link. Also, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction on 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 sold 200,000 shares of company stock worth $11,401,000 over the last 90 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.