Mn Services Vermogensbeheer B.V. Has $19.49 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Mn Services Vermogensbeheer B.V. boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 339,680 shares of the business services provider’s stock after purchasing an additional 8,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Copart were worth $19,494,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cadence Bank raised its holdings in shares of Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after buying an additional 178 shares in the last quarter. Everpar Advisors LLC grew its position in Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after acquiring an additional 200 shares in the last quarter. Simmons Bank lifted its holdings in shares of Copart by 4.4% in the fourth quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock worth $271,000 after acquiring an additional 200 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Copart by 2.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after purchasing an additional 208 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Stock Down 1.8 %

NASDAQ CPRT opened at $55.23 on Friday. The company has a market cap of $53.22 billion, a price-to-earnings ratio of 37.07 and a beta of 1.33. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The business’s fifty day moving average is $57.69 and its 200 day moving average is $55.82.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 398,790 shares of company stock worth $23,161,540 in the last ninety days. Company insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective 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.

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.