MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 19,953 Shares of Copart, Inc. (NASDAQ:CPRT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 695,713 shares of the business services provider's stock after buying an additional 19,953 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Copart worth $39,927,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CPRT. Lazard Asset Management LLC lifted its holdings in Copart by 852.1% in the fourth quarter. Lazard Asset Management LLC now owns 30,505 shares of the business services provider's stock worth $1,750,000 after buying an additional 27,301 shares during the period. Janus Henderson Group PLC increased its position in shares of Copart by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 97,475 shares of the business services provider's stock valued at $5,595,000 after acquiring an additional 909 shares in the last quarter. Guardian Wealth Advisors LLC NC increased its position in shares of Copart by 13.1% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 46,602 shares of the business services provider's stock valued at $2,674,000 after acquiring an additional 5,384 shares in the last quarter. Geller Advisors LLC bought a new stake in shares of Copart during the fourth quarter valued at approximately $288,000. Finally, Focus Partners Wealth grew its position in Copart by 1.3% in the 4th quarter. Focus Partners Wealth now owns 87,840 shares of the business services provider's stock worth $5,041,000 after purchasing an additional 1,170 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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. Insiders sold 200,000 shares of company stock valued at $11,401,000 in the last 90 days. Insiders own 9.68% of the company's stock.

Analyst Ratings Changes

Separately, Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

Copart Trading Up 1.4%

Copart stock traded up $0.87 during mid-day trading on Friday, hitting $63.84. The stock had a trading volume of 4,625,053 shares, compared to its average volume of 4,409,702. The firm has a market capitalization of $61.68 billion, a P/E ratio of 42.85 and a beta of 1.20. The firm's 50 day moving average is $58.19 and its 200 day moving average is $57.96. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results 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. The company 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%. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Company 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.