Copart, Inc. (NASDAQ:CPRT) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 604.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 446,534 shares of the business services provider's stock after purchasing an additional 383,186 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Copart were worth $25,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Copart by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service increased its position in Copart by 3.2% during the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock valued at $89,417,000 after acquiring an additional 48,334 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Copart by 289.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock valued at $1,970,000 after acquiring an additional 25,512 shares during the last quarter. Tsai Capital Corp increased its position in Copart by 13.3% during the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock valued at $3,540,000 after acquiring an additional 7,230 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in Copart in the fourth quarter worth about $3,962,000. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 0.9%

CPRT traded up $0.55 during midday trading on Thursday, reaching $62.97. The company had a trading volume of 4,601,456 shares, compared to its average volume of 4,410,777. The business has a 50-day moving average of $57.77 and a two-hundred day moving average of $57.81. The company has a market cap of $60.83 billion, a P/E ratio of 42.26 and a beta of 1.20. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results 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. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were 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. Over the last 90 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.