Czech National Bank Has $10.91 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Czech National Bank boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 190,080 shares of the business services provider’s stock after acquiring an additional 11,693 shares during the quarter. Czech National Bank’s holdings in Copart were worth $10,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CPRT. Optimum Investment Advisors boosted its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank bought a new stake in shares of Copart in the 3rd quarter valued at approximately $29,000. Quarry LP acquired a new position in Copart in the third quarter worth approximately $29,000. Meeder Asset Management Inc. raised its position in Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Copart in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price target on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Copart Stock Performance

CPRT opened at $55.63 on Tuesday. The firm has a market cap of $53.60 billion, a P/E ratio of 39.18 and a beta of 1.33. The business has a 50 day moving average price of $58.96 and a 200 day moving average price of $54.65. Copart, Inc. has a twelve month low of $47.31 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In other news, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the transaction, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 over the last quarter. 9.68% of the stock is owned by company insiders.

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.