Capital International Sarl Buys 27,624 Shares of Copart, Inc. (NASDAQ:CPRT)

Capital International Sarl increased its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,115 shares of the business services provider's stock after buying an additional 27,624 shares during the quarter. Capital International Sarl's holdings in Copart were worth $21,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its holdings in Copart by 1.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,170,777 shares of the business services provider's stock worth $67,153,000 after purchasing an additional 15,334 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Copart by 8.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 442,564 shares of the business services provider's stock valued at $25,399,000 after acquiring an additional 35,056 shares in the last quarter. Farringdon Capital Ltd. purchased a new position in shares of Copart during the 4th quarter worth approximately $472,000. NewEdge Advisors LLC lifted its stake in shares of Copart by 10.3% in the 4th quarter. NewEdge Advisors LLC now owns 23,518 shares of the business services provider's stock valued at $1,350,000 after purchasing an additional 2,191 shares during the period. Finally, Regal Investment Advisors LLC boosted its position in shares of Copart by 2.0% during the fourth quarter. Regal Investment Advisors LLC now owns 11,900 shares of the business services provider's stock valued at $683,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insider Transactions at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold 200,000 shares of company stock worth $11,401,000 in the last quarter. Company insiders own 9.68% 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 note on Friday, March 14th.

Copart Price Performance

NASDAQ CPRT traded up $0.34 during mid-day trading on Wednesday, reaching $60.75. The stock had a trading volume of 1,265,206 shares, compared to its average volume of 4,401,911. The company has a fifty day moving average price of $56.23 and a 200 day moving average price of $57.00. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock has a market cap of $58.69 billion, a PE ratio of 40.77 and a beta of 1.22.

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 (EPS) for the quarter, beating 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. As a group, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current 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.