Dimensional Fund Advisors LP Purchases 81,971 Shares of Copart, Inc. (NASDAQ:CPRT)

Dimensional Fund Advisors LP increased its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,751,965 shares of the business services provider's stock after buying an additional 81,971 shares during the quarter. Dimensional Fund Advisors LP owned about 0.29% of Copart worth $157,958,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CPRT. Sandy Spring Bank lifted its position in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Curio Wealth LLC acquired a new position in shares of Copart during the fourth quarter worth approximately $52,000. Retirement Wealth Solutions LLC bought a new position in Copart in the 4th quarter worth approximately $54,000. Eastern Bank boosted its position in Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock worth $69,000 after acquiring an additional 640 shares during the period. Finally, R Squared Ltd bought a new position in shares of Copart in the fourth quarter worth $73,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Copart news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. In the last three months, insiders sold 200,000 shares of company stock valued at $11,401,000. Company insiders own 9.68% of the company's stock.

Analysts Set New Price Targets

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

Copart Stock Performance

Shares of NASDAQ CPRT traded up $0.52 during mid-day trading on Wednesday, reaching $61.03. The company had a trading volume of 4,202,900 shares, compared to its average volume of 4,423,542. The company has a market capitalization of $58.96 billion, a price-to-earnings ratio of 40.96 and a beta of 1.22. The stock has a fifty day moving average of $56.48 and a two-hundred day moving average of $57.23. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.