Nuveen Asset Management LLC Sells 140,585 Shares of Copart, Inc. (NASDAQ:CPRT)

Nuveen Asset Management LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,738,007 shares of the business services provider's stock after selling 140,585 shares during the period. Nuveen Asset Management LLC owned 0.49% of Copart worth $271,914,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CPRT. Vanguard Group Inc. grew its holdings in Copart by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock worth $5,861,185,000 after acquiring an additional 976,909 shares during the last quarter. Edgewood Management LLC lifted its position 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 purchasing an additional 2,907,405 shares in the last quarter. Capital World Investors grew its stake in shares of Copart by 0.8% during the fourth quarter. Capital World Investors now owns 21,353,932 shares of the business services provider's stock valued at $1,225,502,000 after purchasing an additional 169,354 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 in the last quarter. Finally, Geode Capital Management LLC raised its position 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 worth $1,097,153,000 after purchasing an additional 408,677 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Copart Stock Up 1.4%

CPRT stock traded up $0.87 during midday trading on Friday, reaching $63.84. The stock had a trading volume of 4,625,053 shares, compared to its average volume of 4,401,040. The firm has a market cap of $61.68 billion, a price-to-earnings ratio of 42.85 and a beta of 1.20. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The business has a fifty day simple moving average of $58.19 and a two-hundred day simple moving average of $58.00.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 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 analysts' expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, equities analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Copart news, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of the firm's stock in a transaction dated 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. In the last 90 days, insiders sold 200,000 shares of company stock valued at $11,401,000. Company 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.