Siemens Fonds Invest GmbH Raises Position in Copart, Inc. (NASDAQ:CPRT)

Siemens Fonds Invest GmbH boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 178.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,217 shares of the business services provider's stock after buying an additional 88,624 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Copart were worth $7,932,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cim LLC lifted its holdings in Copart by 1.1% during the 4th quarter. Cim LLC now owns 330,316 shares of the business services provider's stock worth $18,957,000 after buying an additional 3,608 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Copart during the 4th quarter worth approximately $82,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Copart during the 4th quarter worth approximately $45,333,000. HWG Holdings LP lifted its holdings in Copart by 5.3% during the 4th quarter. HWG Holdings LP now owns 92,425 shares of the business services provider's stock worth $5,304,000 after buying an additional 4,683 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in Copart during the 4th quarter worth approximately $187,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of CPRT traded down $0.39 during midday trading on Friday, reaching $51.03. The stock had a trading volume of 16,256,986 shares, compared to its average volume of 4,640,356. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company's fifty day simple moving average is $58.68 and its two-hundred day simple moving average is $58.10. The company has a market cap of $49.30 billion, a price-to-earnings ratio of 34.25 and a beta of 1.20.

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 analysts' consensus estimates of $0.42. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.39 EPS. The company's revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPRT shares. JPMorgan Chase & Co. reduced their target price 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. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Insider Activity

In related news, Director Steven D. Cohan sold 5,003 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were 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. In the last three months, insiders have sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

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.