APG Asset Management N.V. Buys 574,009 Shares of Copart, Inc. (NASDAQ:CPRT)

APG Asset Management N.V. raised its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 682.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 658,080 shares of the business services provider's stock after acquiring an additional 574,009 shares during the period. APG Asset Management N.V. owned about 0.07% of Copart worth $36,472,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sandy Spring Bank increased its holdings in Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares in the last quarter. Quarry LP bought a new position in shares of Copart in the third quarter worth about $29,000. Curio Wealth LLC acquired a new position in shares of Copart during the fourth quarter worth approximately $52,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Copart in the fourth quarter valued at approximately $54,000. Finally, Continuum Advisory LLC raised its position in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock worth $55,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus downgraded Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

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Copart Stock Down 0.5 %

Copart stock traded down $0.27 during midday trading on Monday, hitting $59.57. 1,250,028 shares of the stock were exchanged, compared to its average volume of 4,390,887. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The stock has a market capitalization of $57.55 billion, a PE ratio of 39.98 and a beta of 1.22. The company has a fifty day simple moving average of $56.12 and a two-hundred day simple moving average of $56.67.

Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In other news, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.68% of the company's stock.

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.