Massachusetts Financial Services Co. MA Has $282.50 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Massachusetts Financial Services Co. MA trimmed its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,922,429 shares of the business services provider's stock after selling 601,892 shares during the period. Massachusetts Financial Services Co. MA owned 0.51% of Copart worth $282,498,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Meeder Advisory Services Inc. increased its position in Copart by 6.4% during the fourth quarter. Meeder Advisory Services Inc. now owns 18,784 shares of the business services provider's stock worth $1,078,000 after buying an additional 1,136 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Copart by 56.9% during the 4th quarter. Headlands Technologies LLC now owns 30,591 shares of the business services provider's stock worth $1,756,000 after acquiring an additional 11,095 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Copart by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock valued at $1,097,153,000 after acquiring an additional 408,677 shares during the last quarter. Roundview Capital LLC raised its stake in shares of Copart by 2.5% in the 4th quarter. Roundview Capital LLC now owns 136,199 shares of the business services provider's stock valued at $7,816,000 after acquiring an additional 3,311 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock worth $577,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

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Wall Street Analyst Weigh In

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

Insider Buying and Selling at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction 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 legal filing with the SEC, which is available through the SEC website. Insiders own 9.68% of the company's stock.

Copart Price Performance

Shares of NASDAQ CPRT traded up $3.93 during trading hours on Wednesday, hitting $58.52. 10,567,632 shares of the company's stock were exchanged, compared to its average volume of 4,371,222. The company's 50-day moving average price is $56.06 and its 200-day moving average price is $56.54. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock has a market capitalization of $56.54 billion, a price-to-earnings ratio of 39.28 and a beta of 1.22.

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 analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current 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.