Natixis Advisors LLC Boosts Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Natixis Advisors LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 22.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,584,597 shares of the business services provider’s stock after acquiring an additional 294,099 shares during the period. Natixis Advisors LLC’s holdings in Copart were worth $90,940,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CPRT. Mn Services Vermogensbeheer B.V. grew its stake in shares of Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after buying an additional 8,300 shares in the last quarter. National Pension Service grew its stake in shares of Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after buying an additional 48,334 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Copart in the 4th quarter worth $3,962,000. Sanctuary Advisors LLC grew its stake in shares of Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY grew its stake in shares of Copart by 47.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock worth $22,565,000 after buying an additional 126,436 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction dated 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 sale, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is currently owned by insiders.

Copart Trading Up 0.7 %

Copart stock opened at $52.65 on Friday. The firm has a 50-day moving average price of $56.71 and a 200-day moving average price of $55.99. The firm has a market capitalization of $50.86 billion, a PE ratio of 35.34 and a beta of 1.30. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on CPRT. JPMorgan Chase & Co. lifted their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday.

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.