Copart, Inc. (NASDAQ:CPRT) Holdings Boosted by Capital International Ltd. CA

Capital International Ltd. CA increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 256,272 shares of the business services provider's stock after buying an additional 4,304 shares during the quarter. Capital International Ltd. CA's holdings in Copart were worth $14,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock valued at $2,037,130,000 after buying an additional 941,858 shares during the period. Barclays PLC raised its holdings in shares of Copart by 0.4% in the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider's stock worth $316,639,000 after purchasing an additional 21,710 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Copart during the 3rd quarter worth about $317,000. Tidal Investments LLC raised its holdings in Copart by 7.8% in the third quarter. Tidal Investments LLC now owns 88,324 shares of the business services provider's stock valued at $4,628,000 after buying an additional 6,421 shares during the period. Finally, Peapack Gladstone Financial Corp grew its stake in Copart by 6.5% during the third quarter. Peapack Gladstone Financial Corp now owns 104,650 shares of the business services provider's stock worth $5,484,000 after buying an additional 6,385 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Copart

In other Copart 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 value of $5,400,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction 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 a total of 200,000 shares of company stock worth $11,401,000 over the last ninety days. Company insiders own 9.68% of the company's stock.

Copart Stock Down 1.6 %

Shares of CPRT traded down $0.95 during midday trading on Monday, hitting $58.73. The company had a trading volume of 3,653,019 shares, compared to its average volume of 4,413,407. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The company's 50 day moving average price is $56.22 and its 200 day moving average price is $56.93. The stock has a market cap of $56.74 billion, a price-to-earnings ratio of 39.42 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Equities 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.