Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. increased its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,619,101 shares of the business services provider's stock after buying an additional 32,215 shares during the period. Copart accounts for about 1.5% of Comgest Global Investors S.A.S.'s portfolio, making the stock its 18th largest position. Comgest Global Investors S.A.S. owned 0.17% of Copart worth $92,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sandy Spring Bank grew its stake in Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Curio Wealth LLC purchased a new stake in shares of Copart in the 4th quarter worth $52,000. Retirement Wealth Solutions LLC bought a new position in shares of Copart during the 4th quarter worth $54,000. Eastern Bank increased its stake in shares of Copart by 115.1% during the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock valued at $69,000 after buying an additional 640 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Copart in the fourth quarter valued at about $73,000. Institutional investors own 85.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

Copart Trading Up 0.4 %

Shares of NASDAQ:CPRT traded up $0.24 on Friday, reaching $59.68. The company had a trading volume of 7,558,703 shares, compared to its average volume of 4,418,214. The firm has a market capitalization of $57.66 billion, a PE ratio of 40.05 and a beta of 1.22. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm's 50 day simple moving average is $56.21 and its 200-day simple moving average is $56.82.

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

Insider Activity

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

Copart Company 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.