Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Park Place Capital Corp

Park Place Capital Corp boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 26,074 shares of the business services provider’s stock after acquiring an additional 5,006 shares during the period. Park Place Capital Corp’s holdings in Copart were worth $1,496,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after buying an additional 941,858 shares during the period. State Street Corp increased its stake in Copart by 0.4% during the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after buying an additional 120,939 shares during the period. Edgewood Management LLC increased its stake in Copart by 0.6% during the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock worth $1,077,119,000 after buying an additional 125,220 shares during the period. Geode Capital Management LLC increased its stake in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after buying an additional 291,580 shares during the period. Finally, Legal & General Group Plc grew its holdings in Copart by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock worth $376,035,000 after acquiring an additional 598,566 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 in the last ninety days. 9.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th.

Copart Stock Performance

NASDAQ CPRT opened at $57.42 on Wednesday. The company has a 50-day simple moving average of $59.08 and a 200-day simple moving average of $54.76. The firm has a market capitalization of $55.32 billion, a PE ratio of 40.42 and a beta of 1.33. Copart, Inc. has a one year low of $47.73 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $0.34 EPS. Copart’s revenue was up 12.4% on a year-over-year basis. Equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

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.