Copart, Inc. (NASDAQ:CPRT) Stake Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 15.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,870,524 shares of the business services provider's stock after purchasing an additional 388,905 shares during the period. Vontobel Holding Ltd. owned approximately 0.30% of Copart worth $162,443,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CPRT. Brighton Jones LLC grew its holdings in Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider's stock worth $816,000 after acquiring an additional 6,817 shares during the period. Fisher Asset Management LLC purchased a new position in Copart in the 4th quarter valued at approximately $221,000. Smartleaf Asset Management LLC raised its holdings in Copart by 6.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,725 shares of the business services provider's stock worth $449,000 after purchasing an additional 468 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Copart by 188.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,027 shares of the business services provider's stock worth $403,000 after purchasing an additional 4,594 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Copart in the fourth quarter valued at $273,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

CPRT has been the subject of several research reports. Argus downgraded Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. JPMorgan Chase & Co. reduced their price target on shares of Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd.

Insider Buying and Selling at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.68% of the company's stock.

Copart Price Performance

NASDAQ:CPRT traded down $0.56 during mid-day trading on Wednesday, reaching $49.08. The company's stock had a trading volume of 4,347,243 shares, compared to its average volume of 4,869,615. The stock has a market cap of $47.46 billion, a P/E ratio of 32.29 and a beta of 1.07. The company's fifty day simple moving average is $55.01 and its two-hundred day simple moving average is $56.30. Copart, Inc. has a twelve month low of $47.33 and a twelve month high of $64.38.

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

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.