Capital World Investors Increases Position in Copart, Inc. (NASDAQ:CPRT)

Capital World Investors increased its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,353,932 shares of the business services provider's stock after purchasing an additional 169,354 shares during the quarter. Capital World Investors owned 2.22% of Copart worth $1,225,502,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

Copart Trading Down 1.8 %

Shares of NASDAQ:CPRT traded down $1.11 on Friday, reaching $60.86. The company had a trading volume of 1,397,134 shares, compared to its average volume of 4,403,616. The firm has a market capitalization of $58.80 billion, a PE ratio of 40.79 and a beta of 1.22. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm's 50 day simple moving average is $56.31 and its 200-day simple moving average is $57.09.

Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results 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. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the 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. Insiders sold 200,000 shares of company stock valued at $11,401,000 over the last 90 days. Insiders own 9.68% of the company's stock.

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.