Dynamic Technology Lab Private Ltd Makes New $1.05 Million Investment in Copart, Inc. (NASDAQ:CPRT)

Dynamic Technology Lab Private Ltd bought a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,297 shares of the business services provider's stock, valued at approximately $1,050,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Copart by 1.0% in 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 purchasing an additional 976,909 shares during the period. Principal Financial Group Inc. grew its position in Copart by 2.5% during 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 buying an additional 941,858 shares in the last quarter. State Street Corp increased its stake in Copart by 0.4% during the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider's stock worth $1,789,877,000 after acquiring an additional 120,939 shares during the period. Bank of New York Mellon Corp raised its holdings in Copart by 23.3% in 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 acquiring an additional 3,667,534 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 valued at $1,097,153,000 after acquiring an additional 408,677 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

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Copart Price Performance

CPRT traded up $0.62 during trading on Friday, hitting $59.28. 2,162,870 shares of the stock traded hands, compared to its average volume of 4,377,498. The business has a 50 day moving average price of $56.08 and a 200 day moving average price of $56.58. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company has a market cap of $57.27 billion, a price-to-earnings ratio of 39.76 and a beta of 1.22.

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

Insider Activity at Copart

In other news, Director James E. Meeks sold 100,000 shares of the business's 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.