Copart, Inc. $CPRT Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 8.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 302,269 shares of the business services provider’s stock after buying an additional 22,618 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Copart were worth $14,563,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CPRT. Nuveen LLC acquired a new stake in shares of Copart during the first quarter valued at $267,723,000. Fiera Capital Corp boosted its stake in shares of Copart by 75.3% during the 2nd quarter. Fiera Capital Corp now owns 7,000,430 shares of the business services provider’s stock worth $343,511,000 after purchasing an additional 3,007,820 shares during the last quarter. PineStone Asset Management Inc. raised its position in shares of Copart by 56.4% in the second quarter. PineStone Asset Management Inc. now owns 6,407,471 shares of the business services provider’s stock valued at $314,415,000 after buying an additional 2,310,067 shares during the last quarter. Amundi lifted its stake in shares of Copart by 32.5% during the first quarter. Amundi now owns 9,380,026 shares of the business services provider’s stock valued at $531,256,000 after buying an additional 2,299,192 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Copart by 2.1% during the second quarter. Vanguard Group Inc. now owns 106,408,868 shares of the business services provider’s stock valued at $5,221,483,000 after buying an additional 2,144,946 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Liaw sold 24,283 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the sale, the chief executive officer directly owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. The trade was a 43.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 9.60% of the company’s stock.

Copart Trading Down 0.7%

Shares of CPRT stock opened at $40.73 on Friday. The company’s fifty day simple moving average is $43.75 and its 200-day simple moving average is $47.96. Copart, Inc. has a 52 week low of $39.38 and a 52 week high of $64.38. The company has a market cap of $39.42 billion, a PE ratio of 25.46 and a beta of 1.06.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. HSBC set a $62.00 price target on Copart and gave the company a “buy” rating in a report on Thursday, September 4th. Stephens dropped their price objective on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Robert W. Baird lowered their price objective on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Barclays reaffirmed an “underweight” rating and issued a $33.00 target price (up from $32.00) on shares of Copart in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Copart presently has an average rating of “Hold” and an average target price of $49.60.

Copart Company 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.