ProShare Advisors LLC Has $70.02 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

ProShare Advisors LLC raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,220,008 shares of the business services provider's stock after acquiring an additional 196,291 shares during the quarter. ProShare Advisors LLC owned approximately 0.13% of Copart worth $70,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. Barclays PLC lifted its holdings in Copart by 0.4% in the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider's stock worth $316,639,000 after purchasing an additional 21,710 shares during the last quarter. Brookstone Capital Management acquired a new stake in Copart in the 4th quarter worth approximately $234,000. Fifth Third Wealth Advisors LLC lifted its holdings in Copart by 2.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider's stock worth $529,000 after purchasing an additional 208 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Copart by 22.0% during the fourth quarter. Park Avenue Securities LLC now owns 37,315 shares of the business services provider's stock worth $2,142,000 after buying an additional 6,734 shares during the last quarter. Finally, Outlook Wealth Advisors LLC lifted its holdings in shares of Copart by 24.3% during the fourth quarter. Outlook Wealth Advisors LLC now owns 7,830 shares of the business services provider's stock worth $449,000 after buying an additional 1,532 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of NASDAQ CPRT traded down $0.41 during trading hours on Monday, reaching $63.43. The stock had a trading volume of 5,970,005 shares, compared to its average volume of 4,407,312. The business's fifty day moving average is $58.19 and its two-hundred day moving average is $58.05. The company has a market cap of $61.28 billion, a price-to-earnings ratio of 42.57 and a beta of 1.20. Copart, Inc. has a twelve month low of $48.05 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at Copart

In other Copart 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 value of $5,700,769.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated 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. Over the last ninety days, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by corporate 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.