Copart, Inc. (NASDAQ:CPRT) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 99.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490 shares of the business services provider's stock after selling 86,890 shares during the quarter. Meeder Asset Management Inc.'s holdings in Copart were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock valued at $2,037,130,000 after acquiring an additional 941,858 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Copart by 12.9% in the third quarter. Public Sector Pension Investment Board now owns 39,340 shares of the business services provider's stock valued at $2,061,000 after purchasing an additional 4,500 shares during the period. Edgestream Partners L.P. acquired a new stake in Copart during the 3rd quarter valued at $761,000. Benjamin Edwards Inc. increased its stake in Copart by 3,878.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 38,069 shares of the business services provider's stock worth $1,995,000 after buying an additional 37,112 shares during the period. Finally, Hilltop Holdings Inc. acquired a new position in Copart in the 3rd quarter worth $716,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Down 0.5 %

Shares of Copart stock traded down $0.29 on Monday, hitting $54.22. 9,551,222 shares of the company's stock traded hands, compared to its average volume of 4,329,274. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The stock has a market cap of $52.38 billion, a P/E ratio of 36.39 and a beta of 1.22. The firm's 50-day moving average is $56.16 and its 200 day moving average is $56.47.

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Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Copart news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.68% of the company's stock.

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.