Amundi Has $197.02 Million Position in Copart, Inc. $CPRT

Amundi trimmed its position in Copart, Inc. (NASDAQ:CPRT) by 57.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,014,318 shares of the business services provider’s stock after selling 5,365,708 shares during the period. Amundi’s holdings in Copart were worth $197,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atticus Wealth Management LLC acquired a new position in shares of Copart in the second quarter valued at about $31,000. Creekmur Asset Management LLC boosted its holdings in Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 574 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Copart during the 2nd quarter worth approximately $31,000. Bank of Jackson Hole Trust increased its holdings in shares of Copart by 83.8% during the second quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock worth $36,000 after purchasing an additional 335 shares during the period. Finally, GFG Capital LLC bought a new position in shares of Copart during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CPRT shares. Robert W. Baird cut their price target on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. HSBC set a $62.00 target price on Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. Stephens dropped their price target on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $47.60.

Insiders Place Their Bets

In other news, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total transaction of $3,907,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $44.79, for a total value of $1,087,635.57. Following the sale, the chief executive officer owned 31,332 shares in the company, valued at $1,403,360.28. This represents a 43.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 353,123 shares of company stock worth $15,873,689. Insiders own 9.60% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $38.72 on Friday. Copart, Inc. has a fifty-two week low of $38.61 and a fifty-two week high of $63.85. The stock’s fifty day moving average price is $42.37 and its two-hundred day moving average price is $46.24. The company has a market cap of $37.48 billion, a PE ratio of 23.61 and a beta of 1.12.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.18 billion. Copart had a return on equity of 17.78% and a net margin of 34.24%.Copart’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. On average, equities analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Copart 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.