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

Geode Capital Management LLC increased its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,172,603 shares of the business services provider's stock after purchasing an additional 408,677 shares during the quarter. Geode Capital Management LLC owned 1.99% of Copart worth $1,097,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CPRT. Sandy Spring Bank increased its stake in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Quarry LP acquired a new stake in Copart in the 3rd quarter worth about $29,000. Curio Wealth LLC purchased a new stake in Copart during the 4th quarter worth approximately $52,000. Continuum Advisory LLC raised its holdings in shares of Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after acquiring an additional 452 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Copart in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

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

Remove Ads

Copart Price Performance

CPRT traded down $2.13 on Friday, reaching $54.51. 8,771,270 shares of the company's stock were exchanged, compared to its average volume of 4,308,382. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The stock has a market cap of $52.66 billion, a PE ratio of 36.58 and a beta of 1.22. The stock's fifty day moving average price is $56.23 and its 200-day moving average price is $56.42.

Copart (NASDAQ:CPRT - Get Free Report) last posted 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. 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 analyst estimates of $1.13 billion. As a group, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Corporate insiders own 9.68% of the company's stock.

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.