O Shaughnessy Asset Management LLC Has $4.43 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

O Shaughnessy Asset Management LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 16.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 77,234 shares of the business services provider's stock after acquiring an additional 11,152 shares during the period. O Shaughnessy Asset Management LLC's holdings in Copart were worth $4,432,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Sandy Spring Bank raised its position in Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Quarry LP acquired a new stake in shares of Copart in the third quarter valued at about $29,000. Curio Wealth LLC bought a new position in shares of Copart during the fourth quarter worth about $52,000. Retirement Wealth Solutions LLC acquired a new position in shares of Copart in the fourth quarter worth approximately $54,000. Finally, Continuum Advisory LLC boosted its holdings in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after acquiring an additional 452 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity

In related news, Director James E. Meeks sold 100,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 9.68% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

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

Copart Stock Performance

Shares of CPRT stock traded down $0.29 during mid-day trading on Monday, hitting $54.22. The company's stock had a trading volume of 9,551,222 shares, compared to its average volume of 4,329,274. The company has a market cap of $52.38 billion, a PE ratio of 36.39 and a beta of 1.22. The company's fifty day simple moving average is $56.16 and its 200-day simple moving average is $56.47. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its 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. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, equities analysts anticipate 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.