Copart, Inc. (NASDAQ:CPRT) Position Increased by Maren Capital LLC

Maren Capital LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,062,914 shares of the business services provider's stock after buying an additional 63,913 shares during the quarter. Copart comprises approximately 4.7% of Maren Capital LLC's portfolio, making the stock its 10th largest position. Maren Capital LLC owned about 0.11% of Copart worth $61,001,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CPRT. Vanguard Group Inc. lifted its holdings in shares of Copart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock worth $5,861,185,000 after acquiring an additional 976,909 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after buying an additional 941,858 shares during the period. Edgewood Management LLC grew its stake in shares of Copart by 14.1% in the fourth quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after buying an additional 2,907,405 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Copart by 23.3% in the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock valued at $1,115,664,000 after buying an additional 3,667,534 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Copart by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock worth $1,097,153,000 after acquiring an additional 408,677 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In other news, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.68% of the company's stock.

Wall Street Analysts Forecast Growth

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

Copart Price Performance

Shares of NASDAQ CPRT traded up $1.18 during mid-day trading on Friday, hitting $59.84. The company had a trading volume of 7,017,411 shares, compared to its average volume of 4,399,938. The company has a market capitalization of $57.81 billion, a PE ratio of 40.16 and a beta of 1.22. The business's 50-day simple moving average is $56.12 and its 200 day simple moving average is $56.64. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping 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 business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

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.