Copart, Inc. (NASDAQ:CPRT) Position Increased by Jump Financial LLC

Jump Financial LLC increased its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 764.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,442 shares of the business services provider's stock after purchasing an additional 110,923 shares during the quarter. Jump Financial LLC's holdings in Copart were worth $7,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC raised its stake in shares of Copart by 11.0% during the 4th quarter. Guggenheim Capital LLC now owns 386,177 shares of the business services provider's stock worth $22,163,000 after buying an additional 38,133 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Copart in the fourth quarter valued at approximately $808,000. Comgest Global Investors S.A.S. increased its stake in shares of Copart by 2.0% during the 4th quarter. Comgest Global Investors S.A.S. now owns 1,619,101 shares of the business services provider's stock worth $92,920,000 after purchasing an additional 32,215 shares in the last quarter. XTX Topco Ltd raised its position in shares of Copart by 10.3% during the 4th quarter. XTX Topco Ltd now owns 31,259 shares of the business services provider's stock worth $1,794,000 after purchasing an additional 2,931 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in Copart by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 39,197 shares of the business services provider's stock valued at $2,250,000 after buying an additional 1,371 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Wall Street Analyst Weigh In

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

Copart Stock Up 0.4 %

Shares of CPRT stock traded up $0.24 during trading hours on Friday, hitting $59.68. 7,558,703 shares of the company were exchanged, compared to its average volume of 4,421,927. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The firm has a fifty day moving average of $56.22 and a 200 day moving average of $56.87. The firm has a market cap of $57.66 billion, a PE ratio of 40.05 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of Copart 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by corporate 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.