Koshinski Asset Management Inc. Has $419,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Koshinski Asset Management Inc. lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 51.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,555 shares of the business services provider’s stock after purchasing an additional 2,924 shares during the period. Koshinski Asset Management Inc.’s holdings in Copart were worth $419,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Copart by 100.6% during the 3rd quarter. Vanguard Group Inc. now owns 97,512,662 shares of the business services provider’s stock worth $4,201,821,000 after buying an additional 48,891,984 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Copart by 96.8% in the third quarter. Principal Financial Group Inc. now owns 39,803,057 shares of the business services provider’s stock valued at $1,715,114,000 after acquiring an additional 19,576,719 shares during the last quarter. Wellington Management Group LLP increased its position in Copart by 84.4% in the third quarter. Wellington Management Group LLP now owns 17,929,180 shares of the business services provider’s stock worth $772,568,000 after purchasing an additional 8,205,757 shares during the period. JPMorgan Chase & Co. increased its position in Copart by 79.1% in the third quarter. JPMorgan Chase & Co. now owns 17,359,152 shares of the business services provider’s stock worth $748,006,000 after purchasing an additional 7,666,881 shares during the period. Finally, FMR LLC raised its holdings in Copart by 93.6% during the 3rd quarter. FMR LLC now owns 14,733,860 shares of the business services provider’s stock worth $634,882,000 after purchasing an additional 7,122,991 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

CPRT has been the topic of several recent research reports. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. raised their price objective on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.00.

Copart Trading Down 1.1 %

Shares of CPRT opened at $55.38 on Monday. The stock has a market cap of $53.25 billion, a P/E ratio of 39.84 and a beta of 1.22. Copart, Inc. has a 1 year low of $38.05 and a 1 year high of $58.58. The stock’s 50-day moving average price is $54.02 and its two-hundred day moving average price is $49.77.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.31 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Copart, Inc. will post 1.42 EPS for the current year.

Insider Activity

In related news, Director Matt Blunt sold 100,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Copart news, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 100,000 shares of the stock in a transaction on Monday, February 26th. The stock was 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 985,000 shares of company stock valued at $55,519,950 in the last quarter. Company insiders own 10.23% of the company’s stock.

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.