Aviva PLC Has $46.96 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Aviva PLC decreased its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 25.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 818,193 shares of the business services provider's stock after selling 285,310 shares during the period. Aviva PLC owned 0.08% of Copart worth $46,956,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Copart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock worth $5,861,185,000 after buying an additional 976,909 shares in the last quarter. Principal Financial Group Inc. raised its stake in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after purchasing an additional 941,858 shares in the last quarter. State Street Corp raised its stake in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider's stock worth $1,789,877,000 after purchasing an additional 120,939 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Copart by 23.3% in the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock valued at $1,115,664,000 after purchasing an additional 3,667,534 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Copart by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock worth $1,097,153,000 after purchasing an additional 408,677 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

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Analysts Set New Price Targets

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

Copart Stock Up 2.0 %

Shares of CPRT traded up $1.18 during trading hours on Friday, hitting $59.84. 2,463,662 shares of the company were exchanged, compared to its average volume of 4,378,841. The company has a market cap of $57.81 billion, a price-to-earnings ratio of 40.17 and a beta of 1.22. The firm's fifty day moving average is $56.08 and its 200 day moving average is $56.58. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

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

Insider Buying and Selling

In related news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.68% of the stock is currently owned by company insiders.

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.