Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,129,032 shares of the business services provider's stock after buying an additional 976,909 shares during the quarter. Vanguard Group Inc. owned 10.60% of Copart worth $5,861,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Madison Investment Advisors LLC acquired a new position in shares of Copart in the fourth quarter worth about $253,686,000. Bank of New York Mellon Corp increased its holdings in Copart by 23.3% during the 4th 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 purchasing an additional 3,667,534 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock valued at $149,471,000 after purchasing an additional 2,084,626 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Copart during the fourth quarter worth approximately $69,162,000. Finally, Amundi raised its holdings in Copart by 18.2% in the fourth quarter. Amundi now owns 7,080,834 shares of the business services provider's stock valued at $402,332,000 after acquiring an additional 1,090,841 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Price Performance

Shares of CPRT stock traded down $0.49 on Friday, hitting $55.15. 6,609,728 shares of the stock traded hands, compared to its average volume of 4,258,680. The company has a market capitalization of $53.28 billion, a PE ratio of 37.01 and a beta of 1.30. The company's fifty day moving average is $56.33 and its 200 day moving average is $56.14. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

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Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results 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. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Copart

In related news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matt Blunt sold 50,000 shares of the firm's stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 385,480 shares of company stock worth $21,667,683 over the last ninety days. Company insiders own 9.68% of the company's stock.

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.