DF Dent & Co. Inc. Buys 397,130 Shares of Copart, Inc. (NASDAQ:CPRT)

DF Dent & Co. Inc. raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 76.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 914,723 shares of the business services provider's stock after acquiring an additional 397,130 shares during the period. DF Dent & Co. Inc. owned about 0.09% of Copart worth $52,496,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased 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 acquiring an additional 941,858 shares during the period. Public Sector Pension Investment Board increased its position in shares of Copart by 12.9% during the third quarter. Public Sector Pension Investment Board now owns 39,340 shares of the business services provider's stock valued at $2,061,000 after buying an additional 4,500 shares during the period. Edgestream Partners L.P. purchased a new stake in Copart in the third quarter worth about $761,000. Benjamin Edwards Inc. grew its holdings in shares of Copart by 3,878.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 38,069 shares of the business services provider's stock worth $1,995,000 after acquiring an additional 37,112 shares during the period. Finally, Hilltop Holdings Inc. bought a new position in shares of Copart in the 3rd quarter worth approximately $716,000. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

Shares of CPRT traded up $1.36 on Tuesday, reaching $55.58. The company's stock had a trading volume of 1,782,693 shares, compared to its average volume of 4,319,376. The stock has a market capitalization of $53.70 billion, a P/E ratio of 37.43 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 $56.16 and its two-hundred day simple moving average is $56.47.

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

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The shares were 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 this hyperlink. Company insiders own 9.68% of the company's stock.

Analysts Set New Price Targets

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

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.