Canada Pension Plan Investment Board Acquires 35,056 Shares of Copart, Inc. (NASDAQ:CPRT)

Canada Pension Plan Investment Board lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 442,564 shares of the business services provider's stock after purchasing an additional 35,056 shares during the quarter. Canada Pension Plan Investment Board's holdings in Copart were worth $25,399,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CPRT. Vanguard Group Inc. grew its holdings in shares of Copart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock worth $5,861,185,000 after purchasing an additional 976,909 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Copart by 2.5% in 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 buying an additional 941,858 shares during the last quarter. Edgewood Management LLC raised its position in shares of Copart by 14.1% during the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after buying an additional 2,907,405 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 acquiring an additional 3,667,534 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Copart by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock worth $1,097,153,000 after acquiring an additional 408,677 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,000 shares of company stock valued at $11,401,000. Corporate insiders own 9.68% of the company's stock.

Copart Stock Performance

CPRT traded down $1.10 on Friday, hitting $60.88. 1,238,888 shares of the company were exchanged, compared to its average volume of 4,403,059. The stock has a market capitalization of $58.81 billion, a PE ratio of 40.83 and a beta of 1.22. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm has a fifty day simple moving average of $56.31 and a two-hundred day simple moving average of $57.09.

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 for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Argus cut Copart from a "buy" rating to a "hold" rating in a report 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.