Natixis Advisors LLC Acquires 294,099 Shares of Copart, Inc. (NASDAQ:CPRT)

Natixis Advisors LLC boosted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 22.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,584,597 shares of the business services provider's stock after purchasing an additional 294,099 shares during the period. Natixis Advisors LLC owned approximately 0.16% of Copart worth $90,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cadence Bank lifted its stake in Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock valued at $1,653,000 after purchasing an additional 178 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Copart by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after buying an additional 184 shares in the last quarter. Everpar Advisors LLC lifted its position in shares of Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock valued at $276,000 after acquiring an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock worth $4,314,000 after acquiring an additional 200 shares in the last quarter. Finally, Simmons Bank grew its holdings in shares of Copart by 4.4% in the 4th quarter. Simmons Bank now owns 4,728 shares of the business services provider's stock worth $271,000 after acquiring an additional 200 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

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Copart Stock Performance

Shares of NASDAQ:CPRT traded down $0.03 during mid-day trading on Thursday, hitting $53.85. The stock had a trading volume of 3,098,163 shares, compared to its average volume of 4,017,373. The company's 50 day moving average is $56.53 and its 200-day moving average is $56.00. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a market cap of $52.02 billion, a PE ratio of 36.14 and a beta of 1.30.

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

Insiders Place Their Bets

In other Copart news, Director Matt Blunt sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

About Copart

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.