CANADA LIFE ASSURANCE Co Acquires 15,334 Shares of Copart, Inc. (NASDAQ:CPRT)

CANADA LIFE ASSURANCE Co grew its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,170,777 shares of the business services provider's stock after buying an additional 15,334 shares during the period. CANADA LIFE ASSURANCE Co owned 0.12% of Copart worth $67,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPRT. Sandy Spring Bank boosted its stake in shares of Copart by 59.5% in 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 during the last quarter. Curio Wealth LLC bought a new stake in shares of Copart during the fourth quarter worth approximately $52,000. Retirement Wealth Solutions LLC acquired a new position in Copart in the fourth quarter valued at approximately $54,000. Eastern Bank boosted its stake in Copart by 115.1% in the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock valued at $69,000 after acquiring an additional 640 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Copart during the 4th quarter worth $73,000. Institutional investors own 85.78% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related 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 transaction of $5,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock worth $11,401,000 over the last ninety days. 9.68% of the stock is currently owned by corporate insiders.

Copart Stock Up 0.6 %

Copart stock traded up $0.34 during midday trading on Wednesday, hitting $60.75. 1,265,206 shares of the stock were exchanged, compared to its average volume of 4,401,911. The stock has a market capitalization of $58.69 billion, a PE ratio of 40.77 and a beta of 1.22. The company has a fifty day simple moving average of $56.23 and a two-hundred day simple moving average of $57.00. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations 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.

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.