Copart, Inc. (NASDAQ:CPRT) Holdings Lifted by Artemis Investment Management LLP

Artemis Investment Management LLP increased its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167,186 shares of the business services provider's stock after acquiring an additional 262,499 shares during the period. Artemis Investment Management LLP owned approximately 0.12% of Copart worth $57,193,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Copart by 1,212.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider's stock valued at $390,000 after acquiring an additional 2,873 shares in the last quarter. Panagora Asset Management Inc. grew its position in Copart by 14.6% in the first quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider's stock worth $1,061,000 after buying an additional 1,079 shares during the last quarter. Vontobel Holding Ltd. grew its position in Copart by 52.1% during the 1st quarter. Vontobel Holding Ltd. now owns 10,823 shares of the business services provider's stock worth $1,380,000 after purchasing an additional 3,707 shares in the last quarter. National Pension Service grew its position in Copart by 5.0% during the 1st quarter. National Pension Service now owns 286,903 shares of the business services provider's stock worth $35,998,000 after purchasing an additional 13,666 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Copart by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 22,968,882 shares of the business services provider's stock valued at $2,881,905,000 after buying an additional 270,867 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. HSBC assumed coverage on shares of Copart in a research note on Monday, December 4th. They set a "hold" rating and a $51.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Copart in a research report on Tuesday, February 27th. They set a "neutral" rating and a $48.00 price objective for the company. Finally, StockNews.com cut shares of Copart from a "buy" rating to a "hold" rating in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $50.00.

Insider Buying and Selling at Copart

In related news, Director Daniel J. Englander sold 320,000 shares of Copart stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total value of $15,052,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Daniel J. Englander sold 320,000 shares of Copart stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total value of $15,052,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The disclosure for this sale can be found here. Insiders sold a total of 705,000 shares of company stock worth $35,910,750 over the last three months. 10.23% of the stock is owned by insiders.

Copart Stock Performance

Shares of NASDAQ:CPRT traded down $0.23 during trading on Monday, reaching $57.18. The stock had a trading volume of 3,667,553 shares, compared to its average volume of 4,820,880. The firm's fifty day moving average is $51.56 and its 200 day moving average is $48.41. Copart, Inc. has a 52 week low of $35.80 and a 52 week high of $57.85. The stock has a market cap of $54.98 billion, a price-to-earnings ratio of 41.30 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. On average, research analysts forecast that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Copart Company Profile

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.