Copart, Inc. (NASDAQ:CPRT) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,680 shares of the business services provider's stock after buying an additional 8,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Copart were worth $19,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Principal Financial Group Inc. increased its position in shares of Copart by 2.5% during the third 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 boosted its stake 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 valued at $1,789,877,000 after purchasing an additional 120,939 shares in the last quarter. Edgewood Management LLC raised its stake in Copart by 0.6% in the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock worth $1,077,119,000 after buying an additional 125,220 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Copart by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock worth $1,115,664,000 after buying an additional 3,667,534 shares during the period. Finally, Geode Capital Management LLC boosted its position 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 valued at $979,547,000 after acquiring an additional 291,580 shares in the last quarter. Institutional investors own 85.78% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 83,310 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now directly owns 7,850 shares of the company's stock, valued at $485,601. This represents a 91.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 398,790 shares of company stock worth $23,161,540. Insiders own 9.68% of the company's stock.

Copart Stock Performance

CPRT traded down $0.15 during trading on Monday, hitting $54.65. The stock had a trading volume of 8,520,461 shares, compared to its average volume of 3,943,288. The stock has a 50 day simple moving average of $57.62 and a two-hundred day simple moving average of $55.92. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company has a market capitalization of $52.66 billion, a PE ratio of 36.68 and a beta of 1.33.

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 for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current 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.