Neuberger Berman Group LLC Buys 29,772 Shares of Copart, Inc. (NASDAQ:CPRT)

Neuberger Berman Group LLC grew its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,208 shares of the business services provider's stock after purchasing an additional 29,772 shares during the quarter. Neuberger Berman Group LLC's holdings in Copart were worth $7,817,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sandy Spring Bank lifted 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 during the last quarter. Quarry LP acquired a new position in Copart during the 3rd quarter valued at $29,000. Curio Wealth LLC bought a new stake in Copart in the 4th quarter valued at $52,000. Retirement Wealth Solutions LLC acquired a new stake in Copart in the 4th quarter worth $54,000. Finally, Continuum Advisory LLC raised its position in shares of Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after buying an additional 452 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

Shares of CPRT stock traded up $0.62 during trading hours on Tuesday, hitting $60.45. The company had a trading volume of 4,783,585 shares, compared to its average volume of 4,404,163. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm's fifty day moving average is $56.14 and its 200 day moving average is $56.72. The firm has a market capitalization of $58.40 billion, a price-to-earnings ratio of 40.57 and a beta of 1.22.

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Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, 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 value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock worth $11,401,000 over the last ninety days. Corporate insiders own 9.68% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Copart

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.