8,509 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Lbp Am Sa

Lbp Am Sa acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,509 shares of the business services provider's stock, valued at approximately $482,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Copart by 1.0% during the fourth 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. Principal Financial Group Inc. increased its stake in Copart by 3.3% during the first quarter. Principal Financial Group Inc. now owns 39,409,377 shares of the business services provider's stock worth $2,230,177,000 after acquiring an additional 1,249,687 shares during the last quarter. Edgewood Management LLC increased its stake in 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 acquiring an additional 2,907,405 shares during the last quarter. Capital World Investors increased its stake in Copart by 0.8% during the fourth quarter. Capital World Investors now owns 21,353,932 shares of the business services provider's stock worth $1,225,502,000 after acquiring an additional 169,354 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Copart by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock worth $1,097,153,000 after acquiring an additional 408,677 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insider Buying and Selling

In related news, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CPRT shares. Argus cut Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. Stephens assumed coverage on Copart in a research note on Tuesday. They set an "equal weight" rating and a $50.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd.

Copart Trading Down 1.1%

Shares of NASDAQ CPRT opened at $47.46 on Friday. Copart, Inc. has a twelve month low of $47.33 and a twelve month high of $64.38. The stock has a fifty day simple moving average of $53.03 and a 200-day simple moving average of $55.73. The stock has a market capitalization of $45.89 billion, a PE ratio of 31.22 and a beta of 1.07.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

About Copart

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.

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