Kinsale Capital Group Inc. Acquires 12,040 Shares of Copart, Inc. (NASDAQ:CPRT)

Kinsale Capital Group Inc. grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,019 shares of the business services provider’s stock after purchasing an additional 12,040 shares during the quarter. Copart makes up about 1.6% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 29th largest position. Kinsale Capital Group Inc.’s holdings in Copart were worth $5,855,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of Copart by 6.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,725 shares of the business services provider’s stock valued at $449,000 after purchasing an additional 468 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Copart by 1.4% during the 4th quarter. Duncker Streett & Co. Inc. now owns 139,118 shares of the business services provider’s stock valued at $7,984,000 after purchasing an additional 1,886 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Copart by 19.6% during the 4th quarter. Metis Global Partners LLC now owns 46,813 shares of the business services provider’s stock valued at $2,687,000 after purchasing an additional 7,673 shares during the last quarter. US Bancorp DE increased its position in shares of Copart by 0.6% during the 4th quarter. US Bancorp DE now owns 1,479,869 shares of the business services provider’s stock valued at $84,930,000 after purchasing an additional 8,348 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new position in shares of Copart during the 4th quarter valued at about $221,000. 85.78% of the stock is currently owned by institutional investors.

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the director now owns 7,850 shares of the company’s stock, valued at approximately $485,601. This trade represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 398,790 shares of company stock worth $23,161,540 in the last ninety days. 9.68% of the stock is owned by company insiders.

Copart Price Performance

Shares of CPRT stock opened at $54.80 on Friday. The stock has a market capitalization of $52.80 billion, a PE ratio of 36.78 and a beta of 1.33. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business has a 50-day moving average of $57.62 and a 200 day moving average of $55.89.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion during 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%. Analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

Copart 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.