Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,019,079 shares of the business services provider's stock after buying an additional 39,383 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.31% of Copart worth $173,265,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sandy Spring Bank boosted its position in 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 acquiring an additional 176 shares during the last quarter. Curio Wealth LLC acquired a new position in Copart in the fourth quarter valued at $52,000. Retirement Wealth Solutions LLC acquired a new stake in Copart in the 4th quarter worth about $54,000. Eastern Bank grew its holdings in Copart by 115.1% in the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock valued at $69,000 after buying an additional 640 shares during the period. Finally, R Squared Ltd purchased a new stake in Copart in the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

CPRT traded up $0.64 on Thursday, reaching $61.69. 1,289,845 shares of the company's stock were exchanged, compared to its average volume of 4,403,459. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company's 50 day moving average is $56.26 and its 200-day moving average is $57.02. The company has a market cap of $59.60 billion, a price-to-earnings ratio of 41.37 and a beta of 1.22.

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 (EPS) 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 analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Meeks sold 100,000 shares of Copart 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 disclosure for this sale can be found here. Insiders have sold 200,000 shares of company stock valued at $11,401,000 over the last three months. 9.68% of the stock is owned by company 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.