Comgest Global Investors S.A.S. Boosts Position in Copart, Inc. (NASDAQ:CPRT)

Comgest Global Investors S.A.S. boosted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,619,101 shares of the business services provider's stock after buying an additional 32,215 shares during the period. Copart accounts for approximately 1.5% of Comgest Global Investors S.A.S.'s portfolio, making the stock its 18th biggest holding. Comgest Global Investors S.A.S. owned about 0.17% of Copart worth $92,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Vanguard Group Inc. lifted 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 during the period. Principal Financial Group Inc. lifted its stake 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 acquiring an additional 941,858 shares during the period. Edgewood Management LLC increased its stake in shares of Copart by 14.1% during the fourth 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 period. Bank of New York Mellon Corp lifted its position in Copart by 23.3% in the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock valued at $1,115,664,000 after purchasing an additional 3,667,534 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Copart by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock valued at $1,097,153,000 after purchasing an additional 408,677 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Stock Up 0.4 %

Shares of Copart stock traded up $0.24 on Friday, hitting $59.68. The company's stock had a trading volume of 7,558,703 shares, compared to its average volume of 4,421,927. The company has a market capitalization of $57.66 billion, a P/E ratio of 40.05 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 has a fifty day moving average price of $56.22 and a 200-day moving average price of $56.87.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 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 business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock valued at $11,401,000 over the last three months. 9.68% of the stock is currently owned by insiders.

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.