PGGM Investments Sells 16,920 Shares of Copart, Inc. (NASDAQ:CPRT)

PGGM Investments cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,818 shares of the business services provider’s stock after selling 16,920 shares during the period. PGGM Investments’ holdings in Copart were worth $6,753,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Truist Financial Corp grew its position in Copart by 2.3% during the 4th quarter. Truist Financial Corp now owns 129,637 shares of the business services provider’s stock worth $6,352,000 after acquiring an additional 2,960 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in Copart by 6.2% in the 4th quarter. Motley Fool Asset Management LLC now owns 28,224 shares of the business services provider’s stock valued at $1,383,000 after buying an additional 1,640 shares during the last quarter. Semanteon Capital Management LP bought a new position in Copart in the 4th quarter valued at $1,174,000. Wisconsin Capital Management LLC boosted its position in Copart by 0.9% in the 4th quarter. Wisconsin Capital Management LLC now owns 91,425 shares of the business services provider’s stock valued at $4,480,000 after buying an additional 853 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Copart by 53.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 220,944 shares of the business services provider’s stock valued at $10,826,000 after buying an additional 77,220 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CPRT has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Copart has an average rating of “Hold” and a consensus price target of $51.00.

Insider Transactions at Copart

In other news, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matt Blunt sold 100,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock worth $55,519,950 in the last three months. Insiders own 10.23% of the company’s stock.

Copart Trading Up 0.9 %

Shares of NASDAQ:CPRT traded up $0.51 during midday trading on Friday, hitting $55.73. The company had a trading volume of 2,554,100 shares, compared to its average volume of 3,758,305. Copart, Inc. has a 12 month low of $38.53 and a 12 month high of $58.58. The stock has a market cap of $53.58 billion, a price-to-earnings ratio of 40.09 and a beta of 1.22. The firm has a fifty day simple moving average of $54.86 and a 200 day simple moving average of $50.45.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts forecast that Copart, Inc. will post 1.42 EPS for the current fiscal year.

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.