Bessemer Group Inc. Sells 48,191 Shares of Copart, Inc. (NASDAQ:CPRT)

Bessemer Group Inc. trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,825,948 shares of the business services provider's stock after selling 48,191 shares during the quarter. Bessemer Group Inc. owned 0.29% of Copart worth $162,181,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in 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 during the last quarter. Principal Financial Group Inc. raised its holdings in shares of 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 acquiring an additional 941,858 shares during the last quarter. Edgewood Management LLC lifted its position in Copart by 14.1% in the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after acquiring an additional 2,907,405 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Copart by 23.3% during 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 last quarter. Finally, Geode Capital Management LLC increased its holdings in 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. 85.78% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director James E. Meeks sold 100,000 shares of the company's 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 SEC, which is available at this hyperlink. 9.68% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Copart Trading Down 0.2 %

Shares of CPRT traded down $0.12 during trading hours on Monday, reaching $59.72. 1,580,526 shares of the stock traded hands, compared to its average volume of 4,392,203. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The stock has a fifty day simple moving average of $56.12 and a 200 day simple moving average of $56.67. The company has a market cap of $57.70 billion, a price-to-earnings ratio of 40.08 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly 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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.