William Blair Investment Management LLC Increases Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

William Blair Investment Management LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,671,424 shares of the business services provider's stock after acquiring an additional 889,989 shares during the period. Copart makes up approximately 0.9% of William Blair Investment Management LLC's portfolio, making the stock its 13th largest position. William Blair Investment Management LLC owned approximately 0.69% of Copart worth $382,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CPRT. Quarry LP bought a new stake in shares of Copart in the third quarter worth $29,000. True Wealth Design LLC grew its stake in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock valued at $34,000 after purchasing an additional 608 shares during the period. Curio Wealth LLC purchased a new stake in shares of Copart during the 4th quarter valued at about $52,000. Retirement Wealth Solutions LLC bought a new position in shares of Copart in the 4th quarter worth approximately $54,000. Finally, Continuum Advisory LLC boosted its holdings in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock worth $55,000 after buying an additional 452 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Copart Stock Down 0.4 %

CPRT stock traded down $0.22 during midday trading on Friday, hitting $53.63. The company's stock had a trading volume of 5,952,411 shares, compared to its average volume of 4,025,435. The firm has a market capitalization of $51.81 billion, a price-to-earnings ratio of 35.99 and a beta of 1.30. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company has a 50 day moving average of $56.47 and a two-hundred day moving average of $55.99.

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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 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%. On average, analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Matt Blunt sold 50,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 315,480 shares of company stock worth $18,007,983. Corporate insiders own 9.68% of the company's stock.

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.