Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,718 shares of the business services provider's stock after purchasing an additional 12,379 shares during the period. Harvest Fund Management Co. Ltd's holdings in Copart were worth $3,197,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. increased its stake in Copart by 2.5% during the 3rd 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 during the period. State Street Corp increased its position in shares of Copart by 0.4% during the third 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. Edgewood Management LLC raised its stake in shares of Copart by 0.6% in the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock valued at $1,077,119,000 after acquiring an additional 125,220 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 during the period. Finally, Geode Capital Management LLC grew its stake in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock worth $979,547,000 after purchasing an additional 291,580 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

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Copart Trading Down 0.4 %

Shares of CPRT stock traded down $0.22 on Friday, reaching $53.63. 5,952,411 shares of the stock were exchanged, compared to its average volume of 4,015,122. The company has a market capitalization of $51.81 billion, a price-to-earnings ratio of 35.99 and a beta of 1.30. The business's 50 day moving average price is $56.43 and its 200 day moving average price is $56.01. Copart, Inc. has a twelve month low of $48.05 and a twelve month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matt Blunt sold 50,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,480 shares of company stock valued at $23,407,983. 9.68% of the stock is currently owned by insiders.

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.