Envestnet Portfolio Solutions Inc. Has $9.37 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Envestnet Portfolio Solutions Inc. lifted its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,326 shares of the business services provider's stock after purchasing an additional 9,400 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Copart were worth $9,373,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CPRT. Madison Investment Advisors LLC acquired a new stake in shares of Copart in the fourth quarter valued at about $253,686,000. Bank of New York Mellon Corp grew its stake in Copart by 23.3% in the fourth 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 in the last quarter. Franklin Resources Inc. increased its position in shares of Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock worth $149,471,000 after purchasing an additional 2,084,626 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Copart during the 4th quarter worth approximately $69,162,000. Finally, Amundi boosted its holdings in shares of Copart by 18.2% in the 4th quarter. Amundi now owns 7,080,834 shares of the business services provider's stock valued at $402,332,000 after buying an additional 1,090,841 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

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Insider Transactions at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the business's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 315,480 shares of company stock worth $18,007,983 over the last quarter. Company insiders own 9.68% of the company's stock.

Copart Stock Performance

Copart stock traded down $0.22 during midday trading on Friday, reaching $53.63. 5,952,411 shares of the company's stock were exchanged, compared to its average volume of 4,025,435. The stock's 50-day simple moving average is $56.47 and its 200 day simple moving average is $55.99. The firm has a market cap of $51.81 billion, a price-to-earnings ratio of 35.99 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm 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%. Research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

Separately, Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a report 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.