Fisher Asset Management LLC Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Fisher Asset Management LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,843 shares of the business services provider’s stock, valued at approximately $221,000.

Other large investors also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its position in shares of Copart by 2.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock valued at $19,494,000 after acquiring an additional 8,300 shares during the period. National Pension Service increased its stake in shares of Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after buying an additional 48,334 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Copart in the fourth quarter worth $3,962,000. Sanctuary Advisors LLC increased its stake in shares of Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares during the period. Finally, Cobblestone Capital Advisors LLC NY boosted its holdings in Copart by 47.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock valued at $22,565,000 after acquiring an additional 126,436 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Copart Price Performance

Shares of Copart stock opened at $53.74 on Friday. The stock has a market cap of $51.92 billion, a price-to-earnings ratio of 36.07 and a beta of 1.30. The firm’s 50-day moving average is $57.16 and its 200 day moving average is $55.98. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations 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 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.