Copart, Inc. (NASDAQ:CPRT) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,763,926 shares of the business services provider's stock after purchasing an additional 291,580 shares during the quarter. Geode Capital Management LLC owned about 1.95% of Copart worth $979,547,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CPRT. ORG Partners LLC grew its stake in shares of Copart by 1,552.5% during the 2nd quarter. ORG Partners LLC now owns 4,280 shares of the business services provider's stock worth $228,000 after purchasing an additional 4,021 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Copart by 10.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 132,811 shares of the business services provider's stock worth $7,193,000 after purchasing an additional 12,025 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Copart by 263.0% in the second quarter. Assenagon Asset Management S.A. now owns 651,901 shares of the business services provider's stock valued at $35,307,000 after purchasing an additional 472,318 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Copart in the second quarter valued at $237,000. Finally, Blue Trust Inc. raised its stake in shares of Copart by 1,282.8% during the 2nd quarter. Blue Trust Inc. now owns 7,301 shares of the business services provider's stock worth $423,000 after buying an additional 6,773 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPRT has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Robert W. Baird dropped their price target on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, September 5th.

Copart Stock Down 0.8 %

Shares of CPRT traded down $0.53 on Thursday, hitting $62.08. 2,237,215 shares of the stock traded hands, compared to its average volume of 4,436,200. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $64.38. The stock's 50 day moving average is $56.84 and its two-hundred day moving average is $53.98. The firm has a market capitalization of $59.82 billion, a P/E ratio of 43.72 and a beta of 1.31.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business's revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Copart

In other news, Chairman A Jayson Adair sold 251,423 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.68% of the stock is owned by company insiders.

Copart Company 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.