Flossbach Von Storch SE Has $33.19 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Flossbach Von Storch SE lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 586,410 shares of the business services provider's stock after purchasing an additional 11,214 shares during the quarter. Flossbach Von Storch SE owned about 0.06% of Copart worth $33,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CPRT. Norges Bank acquired a new stake in Copart in the 4th quarter valued at about $682,089,000. Madison Investment Advisors LLC acquired a new stake in shares of Copart during the 4th quarter worth about $253,686,000. Edgewood Management LLC increased its position in Copart by 14.1% during the fourth quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock worth $1,346,548,000 after buying an additional 2,907,405 shares during the period. Wellington Management Group LLP increased its position in Copart by 14.4% during the fourth quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider's stock worth $812,488,000 after buying an additional 1,785,741 shares during the period. Finally, Franklin Resources Inc. increased its position in Copart by 58.8% during the fourth quarter. Franklin Resources Inc. now owns 4,296,060 shares of the business services provider's stock worth $246,551,000 after buying an additional 1,590,706 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Down 1.1%

Shares of NASDAQ CPRT traded down $0.53 on Friday, hitting $47.46. The company had a trading volume of 5,070,408 shares, compared to its average volume of 4,918,369. Copart, Inc. has a 12-month low of $47.33 and a 12-month high of $64.38. The business has a 50 day moving average of $53.31 and a two-hundred day moving average of $55.81. The firm has a market capitalization of $45.89 billion, a P/E ratio of 31.22 and a beta of 1.07.

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

Insider Transactions at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Argus downgraded Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. 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. Finally, 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 report on Friday, May 23rd.

About Copart

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.