Canada Post Corp Registered Pension Plan Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Canada Post Corp Registered Pension Plan purchased a new position in Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,080 shares of the business services provider's stock, valued at approximately $808,000.

A number of other hedge funds also recently modified their holdings of CPRT. HighPoint Advisor Group LLC boosted its stake in Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock worth $577,000 after purchasing an additional 175 shares during the period. Sandy Spring Bank grew its holdings in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after buying an additional 176 shares in the last quarter. Lindbrook Capital LLC raised its position in Copart by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after buying an additional 184 shares during the last quarter. Everpar Advisors LLC lifted its stake in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock valued at $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock worth $4,314,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

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 0.4 %

Shares of NASDAQ CPRT traded up $0.24 during trading hours on Friday, hitting $59.68. The company had a trading volume of 7,558,703 shares, compared to its average volume of 4,416,459. The stock has a market capitalization of $57.66 billion, a P/E ratio of 40.05 and a beta of 1.22. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm's 50 day moving average is $56.22 and its 200-day moving average is $56.93.

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

Insider Activity at Copart

In other news, Director James E. Meeks sold 100,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock worth $11,401,000 in the last ninety days. 9.68% of the stock is owned by company insiders.

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.