UniSuper Management Pty Ltd Increases Position in Copart, Inc. (NASDAQ:CPRT)

UniSuper Management Pty Ltd boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,312 shares of the business services provider's stock after acquiring an additional 10,618 shares during the period. UniSuper Management Pty Ltd's holdings in Copart were worth $3,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPRT. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after acquiring an additional 8,300 shares during the last quarter. National Pension Service raised its holdings in shares of Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after buying an additional 48,334 shares during the period. Kieckhefer Group LLC bought a new stake in shares of Copart during the 4th quarter worth approximately $3,962,000. Sanctuary Advisors LLC boosted its holdings in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock valued at $2,765,000 after acquiring an additional 9,222 shares during the period. Finally, Cobblestone Capital Advisors LLC NY lifted its position in shares of Copart by 47.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock worth $22,565,000 after purchasing an additional 126,436 shares during the period. 85.78% of the stock is currently owned by institutional investors.

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Copart Stock Performance

CPRT traded up $0.43 on Wednesday, hitting $57.64. The company had a trading volume of 903,085 shares, compared to its average volume of 4,263,595. The stock has a market capitalization of $55.69 billion, a price-to-earnings ratio of 38.69 and a beta of 1.30. The stock has a fifty day moving average price of $56.32 and a 200-day moving average price of $56.33. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of the company's 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 385,480 shares of company stock worth $21,667,683 in the last ninety days. 9.68% of the stock is owned by insiders.

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.