Mackenzie Financial Corp grew its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,514,874 shares of the business services provider's stock after buying an additional 580,118 shares during the quarter. Mackenzie Financial Corp owned approximately 0.36% of Copart worth $201,719,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Copart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock worth $5,861,185,000 after purchasing an additional 976,909 shares in the last quarter. Edgewood Management LLC increased its stake in shares of Copart by 14.1% in the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after purchasing an additional 2,907,405 shares in the last quarter. Capital World Investors boosted its holdings in shares of Copart by 0.8% during the 4th quarter. Capital World Investors now owns 21,353,932 shares of the business services provider's stock worth $1,225,502,000 after purchasing an additional 169,354 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Copart by 23.3% in 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 purchasing an additional 3,667,534 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Copart by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock valued at $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.
Analyst Ratings Changes
CPRT has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday. Argus lowered Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.
Get Our Latest Stock Report on CPRT
Insider Buying and Selling
In other Copart news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 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.
Copart Stock Down 1.6%
Shares of Copart stock traded down $0.85 during trading on Tuesday, hitting $52.82. 14,140,059 shares of the company were exchanged, compared to its average volume of 4,557,685. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a market capitalization of $51.03 billion, a price-to-earnings ratio of 35.45 and a beta of 1.20. The firm has a 50 day moving average price of $58.90 and a 200 day moving average price of $58.26.
Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company 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 company earned $0.39 EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. Analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.
About Copart
(
Free Report)
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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