Fjarde AP Fonden Fourth Swedish National Pension Fund Has $12.52 Million Stake in Copart, Inc. $CPRT

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Copart, Inc. (NASDAQ:CPRT) by 44.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,956 shares of the business services provider’s stock after purchasing an additional 116,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Copart were worth $12,515,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CPRT. Lodestone Wealth Management LLC bought a new position in Copart during the fourth quarter worth about $25,000. Cache Advisors LLC bought a new position in Copart during the 1st quarter worth $31,000. Aventura Private Wealth LLC bought a new position in Copart during the 4th quarter worth $33,000. Reflection Asset Management acquired a new stake in shares of Copart during the fourth quarter worth $34,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of Copart in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the transaction, the chief executive officer owned 79,532 shares in the company, valued at approximately $2,638,871.76. The trade was a 24.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CPRT shares. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research report on Friday, June 26th. Jefferies Financial Group set a $45.00 price objective on shares of Copart in a research note on Friday, May 22nd. Finally, Weiss Ratings lowered shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.50.

Copart Price Performance

NASDAQ:CPRT opened at $30.01 on Friday. The company has a market cap of $27.78 billion, a PE ratio of 18.64 and a beta of 1.02. Copart, Inc. has a one year low of $27.84 and a one year high of $50.11. The firm’s 50 day simple moving average is $31.79 and its 200 day simple moving average is $35.25.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.Copart’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. Equities research analysts expect that Copart, Inc. will post 1.58 EPS for the current year.

Copart Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.