Metis Global Partners LLC Grows Stock Position in Copart, Inc. (NASDAQ:CPRT)

Metis Global Partners LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRTFree Report) by 130.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,296 shares of the business services provider’s stock after purchasing an additional 25,074 shares during the period. Metis Global Partners LLC’s holdings in Copart were worth $1,909,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Copart by 96.8% during the 3rd quarter. Principal Financial Group Inc. now owns 39,803,057 shares of the business services provider’s stock worth $1,715,114,000 after buying an additional 19,576,719 shares in the last quarter. Norges Bank purchased a new stake in Copart during the 4th quarter worth approximately $256,878,000. Bank of New York Mellon Corp increased its stake in Copart by 96.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,523,334 shares of the business services provider’s stock worth $324,180,000 after buying an additional 3,690,251 shares in the last quarter. Morgan Stanley increased its stake in Copart by 132.1% during the 4th quarter. Morgan Stanley now owns 4,076,584 shares of the business services provider’s stock worth $248,223,000 after buying an additional 2,319,939 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Copart by 97.3% during the 4th quarter. Legal & General Group Plc now owns 2,635,778 shares of the business services provider’s stock worth $160,493,000 after buying an additional 1,299,577 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, Chairman Willis J. Johnson sold 100,765 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $49.83, for a total value of $5,021,119.95. Following the sale, the chairman now owns 50,681,963 shares of the company’s stock, valued at $2,525,482,216.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Willis J. Johnson sold 100,765 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $49.83, for a total transaction of $5,021,119.95. Following the sale, the chairman now owns 50,681,963 shares of the company’s stock, valued at $2,525,482,216.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 320,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $47.04, for a total value of $15,052,800.00. The disclosure for this sale can be found here. 10.23% of the stock is owned by corporate insiders.

Copart Stock Performance

CPRT opened at $48.95 on Wednesday. Copart, Inc. has a one year low of $33.03 and a one year high of $51.53. The stock has a market capitalization of $47.00 billion, a PE ratio of 35.86 and a beta of 1.20. The business’s 50 day moving average price is $48.72 and its 200 day moving average price is $48.43.

Copart (NASDAQ:CPRTGet Free Report) last released its quarterly earnings data on Thursday, November 16th. The business services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $987.90 million. Copart had a return on equity of 22.45% and a net margin of 33.14%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. As a group, equities research analysts forecast that Copart, Inc. will post 1.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CPRT has been the topic of several recent research reports. StockNews.com upgraded Copart from a “hold” rating to a “buy” rating in a report on Monday, October 30th. HSBC initiated coverage on Copart in a report on Monday, December 4th. They set a “hold” rating and a $51.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Copart currently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Get Our Latest Analysis on Copart

Copart Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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