JPMorgan Chase & Co. Has $759.79 Million Stake in Copart, Inc. (NASDAQ:CPRT)

JPMorgan Chase & Co. grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,239,112 shares of the business services provider’s stock after purchasing an additional 625,586 shares during the quarter. JPMorgan Chase & Co. owned about 1.37% of Copart worth $759,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Copart by 6.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,539,807 shares of the business services provider’s stock valued at $87,630,000 after purchasing an additional 86,652 shares during the period. Korea Investment CORP grew its stake in Copart by 88.9% in the fourth quarter. Korea Investment CORP now owns 529,666 shares of the business services provider’s stock valued at $30,398,000 after acquiring an additional 249,262 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Copart by 6.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,634 shares of the business services provider’s stock worth $782,000 after purchasing an additional 829 shares in the last quarter. Vanguard Group Inc. grew its position in Copart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock valued at $5,861,185,000 after purchasing an additional 976,909 shares during the period. Finally, Stevens Capital Management LP acquired a new position in Copart during the fourth quarter worth $245,000. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of CPRT stock opened at $55.15 on Friday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a market cap of $53.28 billion, a P/E ratio of 37.01 and a beta of 1.30. The firm has a 50-day moving average of $56.33 and a 200-day moving average of $56.14.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Copart news, Director Matt Blunt sold 50,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the company’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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,480 shares of company stock valued at $21,667,683. 9.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

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.