Fiera Capital Corp Increases Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Fiera Capital Corp raised its stake in Copart, Inc. (NASDAQ:CPRT) by 195.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,992,610 shares of the business services provider’s stock after purchasing an additional 2,642,100 shares during the period. Fiera Capital Corp owned 0.41% of Copart worth $225,942,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Copart by 289.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider’s stock valued at $1,970,000 after acquiring an additional 25,512 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Copart in the first quarter valued at approximately $604,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Copart by 52.2% in the first quarter. China Universal Asset Management Co. Ltd. now owns 23,862 shares of the business services provider’s stock valued at $1,350,000 after acquiring an additional 8,181 shares during the period. Voleon Capital Management LP acquired a new stake in shares of Copart in the fourth quarter valued at approximately $1,314,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Copart by 53.3% in the first quarter. Handelsbanken Fonder AB now owns 854,336 shares of the business services provider’s stock valued at $48,347,000 after acquiring an additional 297,210 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total value of $1,118,405.84. Following the completion of the sale, the chief executive officer owned 31,527 shares of the company’s stock, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

Shares of NASDAQ CPRT opened at $46.08 on Tuesday. The stock has a fifty day moving average price of $49.54 and a 200 day moving average price of $54.86. Copart, Inc. has a 1-year low of $45.52 and a 1-year high of $64.38. The company has a market cap of $44.56 billion, a PE ratio of 30.32 and a beta of 1.07.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CPRT shares. JPMorgan Chase & Co. decreased their price target on Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Stephens started coverage on Copart in a report on Tuesday, July 8th. They set an “equal weight” rating and a $50.00 price target for the company. Finally, Robert W. Baird decreased their price target on Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, July 17th.

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.