Copart, Inc. (NASDAQ:CPRT) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,996 shares of the business services provider's stock after selling 14,687 shares during the quarter. Intech Investment Management LLC's holdings in Copart were worth $5,624,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of 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 acquiring an additional 941,858 shares during the period. State Street Corp raised its stake in 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 purchasing an additional 120,939 shares during the period. Edgewood Management LLC boosted its holdings in shares of Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock valued at $1,077,119,000 after purchasing an additional 125,220 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 purchasing an additional 3,667,534 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 valued at $979,547,000 after buying an additional 291,580 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

Insider Buying and Selling at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Insiders sold a total of 415,480 shares of company stock valued at $23,407,983 in the last ninety days. Insiders own 9.68% of the company's stock.

Copart Price Performance

NASDAQ CPRT traded down $0.22 during mid-day trading on Friday, hitting $53.63. The company's stock had a trading volume of 5,952,411 shares, compared to its average volume of 4,015,122. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The stock's fifty day simple moving average is $56.43 and its two-hundred day simple moving average is $56.01. The firm has a market capitalization of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.