Copart, Inc. (NASDAQ:CPRT) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,232 shares of the business services provider's stock after buying an additional 16,139 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Copart were worth $17,233,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC increased its position in Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider's stock worth $816,000 after buying an additional 6,817 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Copart during the fourth quarter worth approximately $221,000. Smartleaf Asset Management LLC increased its holdings in shares of Copart by 6.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,725 shares of the business services provider's stock valued at $449,000 after acquiring an additional 468 shares during the period. Jones Financial Companies Lllp raised its position in Copart by 188.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,027 shares of the business services provider's stock valued at $403,000 after purchasing an additional 4,594 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Copart during the 4th quarter worth $273,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

NASDAQ:CPRT traded up $0.21 during mid-day trading on Friday, reaching $49.29. The stock had a trading volume of 3,329,409 shares, compared to its average volume of 4,873,870. Copart, Inc. has a twelve month low of $47.33 and a twelve month high of $64.38. The business has a 50 day simple moving average of $54.51 and a 200 day simple moving average of $56.17. The firm has a market capitalization of $47.66 billion, a price-to-earnings ratio of 32.42 and a beta of 1.07.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insiders Place Their Bets

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Argus cut shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their target price on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd.

Copart Company 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.