Russell Investments Group Ltd. Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Russell Investments Group Ltd. boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 12.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,131,020 shares of the business services provider's stock after purchasing an additional 127,007 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Copart worth $64,922,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CPRT. Sandy Spring Bank grew its holdings in Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after acquiring an additional 176 shares during the period. Quarry LP purchased a new stake in Copart in the 3rd quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in shares of Copart during the 4th quarter worth approximately $52,000. Continuum Advisory LLC increased its holdings in shares of Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after purchasing an additional 452 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Copart in the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insider Buying and Selling

In related news, Director James E. Meeks sold 100,000 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.68% of the stock is currently owned by insiders.

Remove Ads

Analyst Ratings Changes

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

Copart Stock Up 2.0 %

Shares of Copart stock traded up $1.18 on Friday, reaching $59.84. The company's stock had a trading volume of 7,017,411 shares, compared to its average volume of 4,399,938. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The company has a market capitalization of $57.81 billion, a P/E ratio of 40.16 and a beta of 1.22. The stock has a 50-day moving average price of $56.12 and a 200-day moving average price of $56.64.

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 (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.