Skandinaviska Enskilda Banken AB publ Decreases Position in Copart, Inc. $CPRT

by · The Cerbat Gem

Skandinaviska Enskilda Banken AB publ lessened its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 260,652 shares of the business services provider’s stock after selling 13,700 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Copart were worth $12,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CPRT. GC Wealth Management RIA LLC bought a new position in shares of Copart in the 2nd quarter worth approximately $219,000. Nordea Investment Management AB increased its holdings in Copart by 3.5% during the second quarter. Nordea Investment Management AB now owns 753,973 shares of the business services provider’s stock valued at $36,153,000 after buying an additional 25,564 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in Copart by 71.8% during the second quarter. Signal Advisors Wealth LLC now owns 127,035 shares of the business services provider’s stock valued at $6,234,000 after buying an additional 53,099 shares during the last quarter. Shell Asset Management Co. raised its position in Copart by 6.7% in the second quarter. Shell Asset Management Co. now owns 167,910 shares of the business services provider’s stock worth $8,239,000 after acquiring an additional 10,559 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Copart by 15.9% in the first quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock worth $868,417,000 after acquiring an additional 2,106,656 shares during the period. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In other Copart news, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the sale, the chief executive officer directly owned 31,332 shares in the company, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 353,123 shares of company stock valued at $15,873,689 over the last quarter. Corporate insiders own 9.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CPRT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. HSBC set a $62.00 target price on Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Robert W. Baird reduced their price target on Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Hsbc Global Res raised Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Copart presently has an average rating of “Hold” and an average target price of $47.60.

Get Our Latest Analysis on Copart

Copart Trading Up 0.6%

NASDAQ CPRT opened at $38.97 on Friday. Copart, Inc. has a 12 month low of $38.67 and a 12 month high of $64.06. The stock has a market cap of $37.72 billion, a PE ratio of 24.36 and a beta of 1.06. The stock’s 50 day moving average is $42.99 and its 200 day moving average is $47.07.

Copart (NASDAQ:CPRT – Get Free Report) last announced its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Copart had a net margin of 33.41% and a return on equity of 18.17%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $0.37 EPS. The company’s revenue was up .7% on a year-over-year basis. On average, analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

About Copart

(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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