Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lifted by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. grew its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,100 shares of the business services provider's stock after acquiring an additional 91,700 shares during the period. Adage Capital Partners GP L.L.C. owned 0.06% of Copart worth $33,521,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CPRT. HighPoint Advisor Group LLC lifted its position in Copart by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock valued at $577,000 after buying an additional 175 shares during the last quarter. Sandy Spring Bank raised its stake in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Copart by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock worth $345,000 after buying an additional 184 shares in the last quarter. Everpar Advisors LLC grew its holdings in Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Copart by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after acquiring an additional 200 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Copart

In related news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were 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 is accessible through this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock valued at $11,401,000 in the last three months. Corporate insiders own 9.68% of the company's stock.

Wall Street Analyst Weigh In

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

CPRT traded down $1.09 during trading on Monday, hitting $59.81. The company's stock had a trading volume of 4,654,152 shares, compared to its average volume of 4,422,510. The firm's 50 day moving average price is $56.34 and its 200-day moving average price is $57.15. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The stock has a market cap of $57.78 billion, a PE ratio of 40.14 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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.