Copart, Inc. (NASDAQ:CPRT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,239,112 shares of the business services provider's stock after buying an additional 625,586 shares during the quarter. JPMorgan Chase & Co. owned about 1.37% of Copart worth $759,793,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Madison Investment Advisors LLC acquired a new position in Copart during the fourth quarter worth $253,686,000. Bank of New York Mellon Corp grew its position in shares of 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 last quarter. Franklin Resources Inc. grew its position in shares of Copart by 335.8% in the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock valued at $149,471,000 after purchasing an additional 2,084,626 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Copart during the 4th quarter worth approximately $69,162,000. Finally, Amundi lifted its stake in 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 in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the company's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,480 shares of company stock worth $21,667,683. 9.68% of the stock is owned by insiders.

Copart Stock Performance

NASDAQ CPRT traded up $0.43 during trading hours on Wednesday, hitting $57.64. 903,085 shares of the company's stock were exchanged, compared to its average volume of 4,263,568. The business's 50 day moving average is $56.32 and its 200-day moving average is $56.33. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The firm has a market capitalization of $55.69 billion, a P/E ratio of 38.69 and a beta of 1.30.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion during 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%. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.