Union Bancaire Privee UBP SA Purchases 10,815 Shares of Copart, Inc. (NASDAQ:CPRT)

Union Bancaire Privee UBP SA lifted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 80.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,281 shares of the business services provider's stock after purchasing an additional 10,815 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Copart were worth $1,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Norges Bank acquired a new stake in Copart in the fourth quarter worth $682,089,000. Madison Investment Advisors LLC bought a new position in shares of Copart in the fourth quarter valued at $253,686,000. Bank of New York Mellon Corp lifted its stake in shares of Copart by 23.3% in the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock valued at $1,115,664,000 after buying an additional 3,667,534 shares in the last quarter. Edgewood Management LLC lifted its stake in shares of Copart by 14.1% in the fourth quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after buying an additional 2,907,405 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Copart by 14.4% in the fourth quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider's stock valued at $812,488,000 after buying an additional 1,785,741 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Transactions at Copart

In other news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the firm's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock worth $11,401,000 over the last quarter. Corporate insiders own 9.68% of the company's stock.

Copart Stock Performance

CPRT stock traded down $0.20 during mid-day trading on Monday, hitting $48.39. The company had a trading volume of 13,256,416 shares, compared to its average volume of 4,793,726. The firm has a market cap of $46.79 billion, a PE ratio of 32.48 and a beta of 1.10. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The stock's fifty day moving average price is $57.46 and its two-hundred day moving average price is $57.32.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CPRT shares. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research 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.