Trexquant Investment LP Decreases Position in Copart, Inc. (NASDAQ:CPRT)

Trexquant Investment LP decreased its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 89.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,225 shares of the business services provider's stock after selling 298,042 shares during the period. Trexquant Investment LP's holdings in Copart were worth $1,964,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Copart by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock valued at $5,861,185,000 after acquiring an additional 976,909 shares during the period. Principal Financial Group Inc. grew its position 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 valued at $2,037,130,000 after purchasing an additional 941,858 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Copart by 23.3% during 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 purchasing an additional 3,667,534 shares during the period. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 408,677 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Copart by 14.4% in the 4th quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider's stock worth $812,488,000 after purchasing an additional 1,785,741 shares during the period. Institutional investors own 85.78% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Copart Stock Down 0.5 %

Shares of CPRT stock traded down $0.28 on Monday, reaching $59.56. The company's stock had a trading volume of 600,819 shares, compared to its average volume of 4,388,635. The company has a market capitalization of $57.54 billion, a P/E ratio of 39.97 and a beta of 1.22. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The stock's 50 day simple moving average is $56.12 and its 200-day simple moving average is $56.67.

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

Insider Buying and Selling at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.68% of the stock is currently owned by company 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.