Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Atwater Malick LLC

Atwater Malick LLC boosted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 18.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,046 shares of the business services provider's stock after acquiring an additional 7,380 shares during the period. Copart accounts for 0.9% of Atwater Malick LLC's holdings, making the stock its 25th biggest position. Atwater Malick LLC's holdings in Copart were worth $2,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPRT. Norges Bank purchased a new stake in Copart during the fourth quarter valued at approximately $682,089,000. Madison Investment Advisors LLC purchased a new stake in Copart during the fourth quarter valued at approximately $253,686,000. Bank of New York Mellon Corp lifted its position in Copart by 23.3% during 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 acquiring an additional 3,667,534 shares during the last quarter. Edgewood Management LLC lifted its position 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 valued at $1,346,548,000 after acquiring an additional 2,907,405 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Copart by 14.4% in the fourth quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider's stock worth $812,488,000 after buying an additional 1,785,741 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CPRT. Argus cut shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th. JPMorgan Chase & Co. decreased their price target on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, May 23rd.

Copart Trading Down 0.0%

Shares of NASDAQ CPRT traded down $0.01 during midday trading on Friday, reaching $50.13. The company had a trading volume of 4,982,389 shares, compared to its average volume of 4,670,345. The business's 50-day simple moving average is $58.14 and its 200 day simple moving average is $57.87. The stock has a market cap of $48.43 billion, a P/E ratio of 33.64 and a beta of 1.10. 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 quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of the firm's 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold 200,000 shares of company stock worth $11,401,000 over the last 90 days. 9.68% of the stock is currently owned by company 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.