Artemis Investment Management LLP Has $47.72 Million Position in Copart, Inc. (NASDAQ:CPRT)

Artemis Investment Management LLP trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831,512 shares of the business services provider’s stock after selling 24,783 shares during the quarter. Artemis Investment Management LLP owned approximately 0.09% of Copart worth $47,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Copart by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,326,381 shares of the business services provider’s stock valued at $126,012,000 after acquiring an additional 87,718 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Copart by 1.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 51,662 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 576 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Copart by 13.9% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,871 shares of the business services provider’s stock valued at $751,000 after purchasing an additional 1,691 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Copart by 4.6% during the second quarter. Brighton Jones LLC now owns 9,657 shares of the business services provider’s stock worth $523,000 after purchasing an additional 421 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in shares of Copart by 9.9% in the second quarter. Ieq Capital LLC now owns 90,541 shares of the business services provider’s stock valued at $4,904,000 after buying an additional 8,155 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Stock Up 0.9 %

Shares of NASDAQ:CPRT opened at $56.90 on Friday. The firm has a market cap of $54.82 billion, a P/E ratio of 40.07 and a beta of 1.33. Copart, Inc. has a 12-month low of $47.51 and a 12-month high of $64.38. The business has a fifty day simple moving average of $59.07 and a 200 day simple moving average of $54.71.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. As a group, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their target price on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

Insiders Place Their Bets

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,213 shares of company stock worth $39,199,813. Company insiders own 9.68% 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.