Copart, Inc. $CPRT Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 44.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 376,956 shares of the business services provider’s stock after acquiring an additional 116,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Copart were worth $12,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Copart by 92.1% in the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after buying an additional 6,817 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Copart by 365.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock worth $63,000 after acquiring an additional 878 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Copart during the 2nd quarter worth about $2,677,000. Sei Investments Co. grew its position in Copart by 110.0% in the second quarter. Sei Investments Co. now owns 900,330 shares of the business services provider’s stock worth $44,179,000 after acquiring an additional 471,571 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Copart by 3.5% in the second quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider’s stock worth $20,270,000 after purchasing an additional 13,860 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Freedom Capital upgraded Copart to a “strong-buy” rating in a report on Friday, June 26th. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings cut shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group set a $45.00 price objective on Copart in a report on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Copart presently has an average rating of “Moderate Buy” and an average target price of $44.50.

Copart Price Performance

Shares of CPRT stock opened at $30.01 on Friday. The stock has a 50-day moving average price of $31.79 and a 200 day moving average price of $35.25. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 18.64 and a beta of 1.02. Copart, Inc. has a 12 month low of $27.84 and a 12 month high of $50.11.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.19 billion. Copart had a net margin of 33.48% and a return on equity of 16.63%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. Sell-side analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the sale, the chief executive officer directly owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This represents a 24.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.60% of the stock is currently owned by company insiders.

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.