Aigen Investment Management LP Acquires 7,230 Shares of Copart, Inc. (NASDAQ:CPRT)

Aigen Investment Management LP increased its holdings in Copart, Inc. (NASDAQ:CPRTFree Report) by 83.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,851 shares of the business services provider’s stock after purchasing an additional 7,230 shares during the period. Aigen Investment Management LP’s holdings in Copart were worth $777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CPRT. Panagora Asset Management Inc. boosted its stake in Copart by 100.1% during the third quarter. Panagora Asset Management Inc. now owns 24,907 shares of the business services provider’s stock worth $1,073,000 after buying an additional 12,460 shares during the period. FDx Advisors Inc. bought a new stake in shares of Copart in the third quarter valued at about $306,000. Millington Financial Advisors LLC bought a new stake in shares of Copart in the third quarter valued at about $1,287,000. Dai ichi Life Insurance Company Ltd raised its holdings in shares of Copart by 1,105.1% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 53,942 shares of the business services provider’s stock valued at $2,324,000 after acquiring an additional 49,466 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Copart by 100.0% in the third quarter. JFS Wealth Advisors LLC now owns 1,728 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 864 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Copart

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CPRT shares. StockNews.com downgraded Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. lifted their price objective on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Copart presently has a consensus rating of “Hold” and a consensus price target of $51.00.

Check Out Our Latest Stock Analysis on CPRT

Copart Stock Down 0.8 %

Shares of CPRT traded down $0.45 during mid-day trading on Wednesday, hitting $54.48. 946,994 shares of the company traded hands, compared to its average volume of 4,436,035. The business has a 50 day moving average of $55.65 and a 200 day moving average of $51.72. The company has a market capitalization of $52.38 billion, a PE ratio of 38.68 and a beta of 1.22. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58.

Copart (NASDAQ:CPRTGet Free Report) last issued its earnings results on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Copart had a return on equity of 20.80% and a net margin of 33.33%. Copart’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. As a group, research analysts expect that Copart, Inc. will post 1.44 EPS for the current fiscal year.

About Copart

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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