Amalgamated Bank Has $10.78 Million Position in Copart, Inc. (NASDAQ:CPRT)

Amalgamated Bank lessened its position in Copart, Inc. (NASDAQ:CPRT) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 187,831 shares of the business services provider’s stock after selling 3,597 shares during the period. Amalgamated Bank’s holdings in Copart were worth $10,780,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CPRT. Kieckhefer Group LLC bought a new stake in Copart during the 4th quarter worth approximately $3,962,000. Sanctuary Advisors LLC boosted its stake in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after purchasing an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. increased its stake in shares of Copart by 17.7% in the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after buying an additional 13,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Copart in the third quarter valued at about $1,206,000. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of Copart stock opened at $56.77 on Wednesday. The firm has a 50 day simple moving average of $57.81 and a 200 day simple moving average of $55.82. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm has a market cap of $54.70 billion, a P/E ratio of 38.10 and a beta of 1.33.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 398,790 shares of company stock valued at $23,161,540. 9.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.