Flossbach Von Storch SE Acquires 11,214 Shares of Copart, Inc. (NASDAQ:CPRT)

Flossbach Von Storch SE increased its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 586,410 shares of the business services provider's stock after buying an additional 11,214 shares during the quarter. Flossbach Von Storch SE owned about 0.06% of Copart worth $33,185,000 at the end of the most recent quarter.

Other institutional investors have also 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 worth $27,000 after buying an additional 176 shares during the period. Cloud Capital Management LLC acquired a new position in Copart during the 1st quarter worth approximately $26,000. Sunbelt Securities Inc. bought a new stake in shares of Copart during the fourth quarter worth about $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Copart in the 4th quarter worth about $45,000. Finally, Versant Capital Management Inc raised its holdings in shares of Copart by 1,567.9% in the 1st quarter. Versant Capital Management Inc now owns 884 shares of the business services provider's stock worth $50,000 after acquiring an additional 831 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Stephens started coverage on Copart in a report on Tuesday. They set an "equal weight" rating and a $50.00 price objective for the company. Argus downgraded Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd.

Insider Activity

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 9.68% of the company's stock.

Copart Stock Performance

CPRT stock traded down $0.87 during mid-day trading on Wednesday, hitting $47.64. The company had a trading volume of 7,218,319 shares, compared to its average volume of 4,891,930. The stock's fifty day moving average price is $53.82 and its two-hundred day moving average price is $55.94. Copart, Inc. has a 12 month low of $47.33 and a 12 month high of $64.38. The firm has a market cap of $46.07 billion, a PE ratio of 31.34 and a beta of 1.07.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. Copart had a return on equity of 18.20% and a net margin of 32.21%. Copart's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. Equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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.