Copart, Inc. (NASDAQ:CPRT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Posted by Defense World Staff on Apr 22nd, 2023

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Copart, Inc. (NASDAQ:CPRT – Get Rating) by 111.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,729 shares of the business services provider’s stock after purchasing an additional 35,207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Copart were worth $4,063,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CI Investments Inc. boosted its stake in shares of Copart by 1,003.8% during the 3rd quarter. CI Investments Inc. now owns 287 shares of the business services provider’s stock worth $31,000 after purchasing an additional 261 shares during the last quarter. Private Trust Co. NA acquired a new stake in shares of Copart during the 2nd quarter worth about $41,000. Janiczek Wealth Management LLC boosted its stake in shares of Copart by 129.4% during the 4th quarter. Janiczek Wealth Management LLC now owns 406 shares of the business services provider’s stock worth $25,000 after purchasing an additional 229 shares during the last quarter. BDO Wealth Advisors LLC boosted its stake in shares of Copart by 428.6% during the 3rd quarter. BDO Wealth Advisors LLC now owns 407 shares of the business services provider’s stock worth $43,000 after purchasing an additional 330 shares during the last quarter. Finally, General Partner Inc. acquired a new stake in shares of Copart during the 4th quarter worth about $26,000. 45.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CPRT shares. StockNews.com started coverage on shares of Copart in a research report on Thursday, March 16th. They issued a “buy” rating on the stock. Robert W. Baird raised their target price on shares of Copart from $74.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Stephens reissued an “overweight” rating and issued a $78.00 target price on shares of Copart in a research report on Tuesday, February 21st. Finally, Guggenheim raised their target price on shares of Copart from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd.

Insider Activity at Copart

In related news, Director Matt Blunt sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $69.36, for a total value of $2,080,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.19% of the stock is currently owned by insiders.

Copart Stock Performance

NASDAQ CPRT opened at $78.39 on Friday. Copart, Inc. has a one year low of $51.10 and a one year high of $78.58. The company’s 50 day moving average price is $72.14 and its 200 day moving average price is $65.25. The firm has a market capitalization of $37.36 billion, a price-to-earnings ratio of 34.84 and a beta of 1.23.

Copart (NASDAQ:CPRT – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. Copart had a net margin of 29.45% and a return on equity of 22.93%. The firm had revenue of $956.72 million for the quarter, compared to analyst estimates of $934.36 million. During the same quarter last year, the firm posted $0.55 earnings per share. Sell-side analysts forecast that Copart, Inc. will post 2.34 EPS for the current fiscal year.

About Copart

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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.