Burgundy Asset Management Ltd. Has $41.77 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Burgundy Asset Management Ltd. lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 727,763 shares of the business services provider's stock after purchasing an additional 17,925 shares during the quarter. Burgundy Asset Management Ltd. owned 0.08% of Copart worth $41,766,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sandy Spring Bank boosted its stake in Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after buying an additional 176 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Copart in the fourth quarter valued at about $45,000. Curio Wealth LLC acquired a new stake in Copart in the fourth quarter valued at about $52,000. Itau Unibanco Holding S.A. boosted its stake in Copart by 340.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock valued at $53,000 after buying an additional 708 shares in the last quarter. Finally, Continuum Advisory LLC boosted its stake in Copart by 26.2% in the fourth quarter. Continuum Advisory LLC now owns 1,214 shares of the business services provider's stock valued at $70,000 after buying an additional 252 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is currently owned by insiders.

Copart Trading Down 0.7%

Copart stock opened at $60.66 on Friday. The company has a market capitalization of $58.60 billion, a PE ratio of 40.71 and a beta of 1.20. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The stock has a 50-day moving average price of $58.89 and a two-hundred day moving average price of $58.23.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.

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