Epoch Investment Partners Inc. Purchases 39,383 Shares of Copart, Inc. (NASDAQ:CPRT)

Epoch Investment Partners Inc. lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,019,079 shares of the business services provider's stock after acquiring an additional 39,383 shares during the quarter. Epoch Investment Partners Inc. owned 0.31% of Copart worth $173,265,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CPRT. Principal Financial Group Inc. increased its stake in shares of Copart by 2.5% in 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 purchasing an additional 941,858 shares in the last quarter. Barclays PLC increased its holdings in shares of Copart by 0.4% in the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider's stock worth $316,639,000 after buying an additional 21,710 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Copart during the 3rd quarter valued at about $317,000. Tidal Investments LLC lifted its stake in Copart by 7.8% in the third quarter. Tidal Investments LLC now owns 88,324 shares of the business services provider's stock worth $4,628,000 after purchasing an additional 6,421 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in shares of Copart by 6.5% in the third quarter. Peapack Gladstone Financial Corp now owns 104,650 shares of the business services provider's stock worth $5,484,000 after purchasing an additional 6,385 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock worth $11,401,000 over the last quarter. 9.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Copart Price Performance

CPRT stock traded down $0.95 during midday trading on Monday, hitting $58.73. The stock had a trading volume of 3,653,019 shares, compared to its average volume of 4,413,410. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm has a market cap of $56.74 billion, a price-to-earnings ratio of 39.42 and a beta of 1.22. The business has a 50-day moving average of $56.22 and a two-hundred day moving average of $56.97.

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, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Research analysts predict 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.