Dynamic Technology Lab Private Ltd Makes New $1.05 Million Investment in Copart, Inc. (NASDAQ:CPRT)

Dynamic Technology Lab Private Ltd bought a new stake in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 18,297 shares of the business services provider’s stock, valued at approximately $1,050,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Bank Ltd. acquired a new position in shares of Copart during the fourth quarter worth about $82,000. Oarsman Capital Inc. raised its holdings in shares of Copart by 2.5% during the 4th quarter. Oarsman Capital Inc. now owns 12,795 shares of the business services provider’s stock valued at $734,000 after buying an additional 306 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in Copart during the 4th quarter worth approximately $15,548,000. DF Dent & Co. Inc. boosted its holdings in Copart by 76.7% in the 4th quarter. DF Dent & Co. Inc. now owns 914,723 shares of the business services provider’s stock worth $52,496,000 after acquiring an additional 397,130 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new stake in Copart in the fourth quarter valued at approximately $15,001,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by company insiders.

Copart Price Performance

Shares of Copart stock opened at $54.51 on Friday. The company has a market capitalization of $52.66 billion, a PE ratio of 36.58 and a beta of 1.22. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business has a 50-day moving average of $56.23 and a 200-day moving average of $56.42.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating 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 net margin of 32.27% and a return on equity of 19.31%. On average, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.