Copart, Inc. (NASDAQ:CPRT) Stock Holdings Reduced by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 99.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,051 shares of the business services provider's stock after selling 850,600 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Copart were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CPRT. HighPoint Advisor Group LLC boosted its stake in shares of Copart by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock worth $577,000 after buying an additional 175 shares during the last quarter. Sandy Spring Bank raised its holdings in shares of Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after acquiring an additional 176 shares during the period. Lindbrook Capital LLC grew its position in Copart by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock worth $345,000 after acquiring an additional 184 shares during the period. Everpar Advisors LLC grew its holdings in shares of Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after purchasing an additional 199 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Copart by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of the firm'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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was 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. 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.

Copart Trading Up 0.9 %

Shares of Copart stock traded up $0.54 on Thursday, reaching $61.78. 3,671,733 shares of the stock were exchanged, compared to its average volume of 4,417,021. The firm has a market capitalization of $59.69 billion, a PE ratio of 41.46 and a beta of 1.20. The business has a fifty day moving average price of $56.98 and a two-hundred day moving average price of $57.45. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 net margin of 32.27% and a return on equity of 19.31%. Research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.