Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lessened by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 18.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 49,978 shares of the business services provider's stock after selling 11,509 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Copart were worth $2,893,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake 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 valued at $2,037,130,000 after acquiring an additional 941,858 shares during the last quarter. Barclays PLC lifted its position in shares of Copart by 0.4% during the third quarter. Barclays PLC now owns 6,042,734 shares of the business services provider's stock worth $316,639,000 after purchasing an additional 21,710 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Copart in the third quarter worth about $317,000. Tidal Investments LLC increased its holdings in Copart by 7.8% in the third quarter. Tidal Investments LLC now owns 88,324 shares of the business services provider's stock valued at $4,628,000 after buying an additional 6,421 shares during the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in Copart by 6.5% during the third quarter. Peapack Gladstone Financial Corp now owns 104,650 shares of the business services provider's stock valued at $5,484,000 after buying an additional 6,385 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 downgraded Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Insiders Place Their Bets

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,000 shares of company stock worth $11,401,000. Insiders own 9.68% of the company's stock.

Copart Trading Down 0.9 %

CPRT traded down $0.53 on Thursday, hitting $60.50. 4,861,601 shares of the company's stock were exchanged, compared to its average volume of 4,425,298. The stock has a fifty day moving average of $56.48 and a two-hundred day moving average of $57.23. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm has a market cap of $58.45 billion, a PE ratio of 40.60 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, analysts predict that Copart, Inc. will post 1.57 EPS for the current 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.