Charles Schwab Investment Management Inc. Raises Holdings in Copart, Inc. (NASDAQ:CPRT)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,493,673 shares of the business services provider's stock after buying an additional 226,334 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.57% of Copart worth $315,282,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Copart by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares during the last quarter. Jensen Investment Management Inc. boosted its position in Copart by 2,466.0% in the third quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider's stock worth $185,299,000 after purchasing an additional 3,398,423 shares during the last quarter. Franklin Resources Inc. grew its stake in Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock valued at $149,471,000 after purchasing an additional 2,084,626 shares during the period. Comgest Global Investors S.A.S. increased its position in shares of Copart by 706.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider's stock valued at $83,153,000 after purchasing an additional 1,390,146 shares during the last quarter. Finally, PineStone Asset Management Inc. grew its position in Copart by 192.4% during the fourth quarter. PineStone Asset Management Inc. now owns 1,585,400 shares of the business services provider's stock valued at $90,986,000 after buying an additional 1,043,200 shares during the period. 85.78% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price target on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th.

Copart Stock Up 0.0 %

CPRT traded up $0.01 during trading on Friday, reaching $53.74. 5,259,723 shares of the company were exchanged, compared to its average volume of 4,083,718. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company's 50-day moving average is $57.16 and its two-hundred day moving average is $55.98. The company has a market cap of $51.92 billion, a price-to-earnings ratio of 36.07 and a beta of 1.30.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data 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. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matt Blunt sold 50,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold 315,480 shares of company stock worth $18,007,983 in the last ninety days. 9.68% of the stock is currently owned by 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.