Siemens Fonds Invest GmbH Has $7.93 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Siemens Fonds Invest GmbH boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 178.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,217 shares of the business services provider’s stock after purchasing an additional 88,624 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Copart were worth $7,932,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CPRT. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Copart by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service lifted its position in 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 purchasing an additional 48,334 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Copart by 289.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider’s stock worth $1,970,000 after buying an additional 25,512 shares in the last quarter. Tsai Capital Corp raised its stake in shares of Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock valued at $3,540,000 after buying an additional 7,230 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new position in shares of Copart in the 4th quarter valued at $1,314,000. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Copart Trading Up 0.9%

Shares of CPRT opened at $62.97 on Friday. The stock has a market cap of $60.83 billion, a PE ratio of 42.26 and a beta of 1.20. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock has a 50 day simple moving average of $57.97 and a 200-day simple moving average of $57.88.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction that occurred on 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. Insiders sold 200,000 shares of company stock valued at $11,401,000 in the last ninety days. Insiders own 9.68% of the company’s stock.

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.