Numerai GP LLC Takes Position in Copart, Inc. (NASDAQ:CPRT)

Numerai GP LLC purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 64,232 shares of the business services provider's stock, valued at approximately $3,686,000. Copart makes up 1.0% of Numerai GP LLC's investment portfolio, making the stock its 7th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Copart by 3.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 695,713 shares of the business services provider's stock valued at $39,927,000 after buying an additional 19,953 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Copart by 852.1% in the fourth quarter. Lazard Asset Management LLC now owns 30,505 shares of the business services provider's stock worth $1,750,000 after acquiring an additional 27,301 shares during the period. Janus Henderson Group PLC increased its stake in shares of Copart by 0.9% in the fourth quarter. Janus Henderson Group PLC now owns 97,475 shares of the business services provider's stock worth $5,595,000 after acquiring an additional 909 shares during the period. Guardian Wealth Advisors LLC NC raised its holdings in shares of Copart by 13.1% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 46,602 shares of the business services provider's stock worth $2,674,000 after purchasing an additional 5,384 shares during the last quarter. Finally, Geller Advisors LLC acquired a new position in Copart during the fourth quarter valued at $288,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director James E. Meeks sold 100,000 shares of Copart 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,000 shares of company stock valued at $11,401,000. Insiders own 9.68% of the company's stock.

Copart Trading Up 1.4%

CPRT traded up $0.87 during midday trading on Friday, hitting $63.84. 4,625,053 shares of the company traded hands, compared to its average volume of 4,409,701. The business has a 50 day simple moving average of $57.97 and a two-hundred day simple moving average of $57.88. 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 $61.68 billion, a price-to-earnings ratio of 42.85 and a beta of 1.20.

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 for the quarter, topping the consensus estimate 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%. Equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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.