Zurcher Kantonalbank Zurich Cantonalbank Sells 10,414 Shares of Copart, Inc. (NASDAQ:CPRT)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 196,444 shares of the business services provider's stock after selling 10,414 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Copart were worth $11,117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Empirical Finance LLC boosted its holdings in shares of Copart by 2.2% in the first quarter. Empirical Finance LLC now owns 29,126 shares of the business services provider's stock valued at $1,648,000 after buying an additional 631 shares during the period. HB Wealth Management LLC grew its stake in Copart by 195.5% in the 1st quarter. HB Wealth Management LLC now owns 64,120 shares of the business services provider's stock valued at $3,629,000 after buying an additional 42,418 shares during the last quarter. Nvwm LLC raised its holdings in Copart by 5,311.7% in the 1st quarter. Nvwm LLC now owns 27,870 shares of the business services provider's stock valued at $1,577,000 after acquiring an additional 27,355 shares during the period. First Heartland Consultants Inc. lifted its position in Copart by 6.5% during the first quarter. First Heartland Consultants Inc. now owns 6,770 shares of the business services provider's stock worth $383,000 after acquiring an additional 412 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Copart by 0.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 274,352 shares of the business services provider's stock worth $15,512,000 after acquiring an additional 1,200 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Trading Up 0.4%

Copart stock traded up $0.18 during trading hours on Friday, reaching $45.51. 5,688,018 shares of the stock were exchanged, compared to its average volume of 6,986,555. Copart, Inc. has a twelve month low of $45.05 and a twelve month high of $64.38. The company has a market cap of $44.01 billion, a P/E ratio of 29.94 and a beta of 1.04. The stock has a 50 day moving average of $48.63 and a two-hundred day moving average of $54.67.

Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share 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 for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $0.39 EPS. The company's revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jeffrey Liaw sold 24,088 shares of Copart stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the sale, the chief executive officer directly owned 31,527 shares of the company's stock, valued at approximately $1,463,798.61. The trade was a 43.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.68% of the company's stock.

Analyst Upgrades and Downgrades

CPRT has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Stephens started coverage on shares of Copart in a research report on Tuesday, July 8th. They set an "equal weight" rating and a $50.00 price target on the stock. Finally, Robert W. Baird cut their price objective on shares of Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, July 17th.

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.