Mutual of America Capital Management LLC Decreases Stake in Copart, Inc. (NASDAQ:CPRT)

Mutual of America Capital Management LLC reduced its position in Copart, Inc. (NASDAQ:CPRT) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,039 shares of the business services provider’s stock after selling 2,812 shares during the period. Mutual of America Capital Management LLC’s holdings in Copart were worth $6,028,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased its stake in Copart by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after acquiring an additional 8,300 shares during the last quarter. National Pension Service increased its stake in Copart by 3.2% during the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after acquiring an additional 48,334 shares during the last quarter. Kieckhefer Group LLC bought a new stake in Copart during the fourth quarter worth approximately $3,962,000. Sanctuary Advisors LLC increased its stake in Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after acquiring an additional 9,222 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after acquiring an additional 291,580 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now owns 7,850 shares of the company’s stock, valued at $485,601. This represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 398,790 shares of company stock valued at $23,161,540. 9.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Stock Performance

CPRT opened at $54.65 on Tuesday. The stock has a market cap of $52.66 billion, a price-to-earnings ratio of 36.68 and a beta of 1.33. The stock’s 50 day moving average price is $57.55 and its 200-day moving average price is $55.94. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results 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 analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, analysts predict that Copart, Inc. will post 1.57 earnings per share 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.