Aptus Capital Advisors LLC Has $13.78 Million Position in Copart, Inc. (NASDAQ:CPRT)

Aptus Capital Advisors LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,114 shares of the business services provider's stock after purchasing an additional 27,505 shares during the quarter. Aptus Capital Advisors LLC's holdings in Copart were worth $13,780,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Copart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock valued at $5,861,185,000 after purchasing an additional 976,909 shares during the period. Principal Financial Group Inc. grew its position in Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after acquiring an additional 941,858 shares during the last quarter. Edgewood Management LLC boosted its holdings in Copart by 14.1% during the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock worth $1,346,548,000 after acquiring an additional 2,907,405 shares during the last quarter. Capital World Investors increased its stake in Copart by 0.8% in the 4th quarter. Capital World Investors now owns 21,353,932 shares of the business services provider's stock worth $1,225,502,000 after acquiring an additional 169,354 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Copart by 23.3% in 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 in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analysts Set New Price Targets

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

Copart Stock Performance

NASDAQ:CPRT traded up $0.90 during trading hours on Thursday, hitting $62.14. The stock had a trading volume of 1,456,686 shares, compared to its average volume of 4,402,185. The company has a market cap of $60.03 billion, a price-to-earnings ratio of 41.70 and a beta of 1.20. The business's 50 day moving average is $56.98 and its 200-day moving average is $57.45. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released 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 company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James E. Meeks sold 100,000 shares of Copart 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,000 shares of company stock worth $11,401,000. 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.