Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC boosted its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 34.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,499 shares of the business services provider's stock after acquiring an additional 7,344 shares during the quarter. Chesley Taft & Associates LLC's holdings in Copart were worth $1,613,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CPRT. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Copart by 2.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock worth $19,494,000 after buying an additional 8,300 shares during the period. National Pension Service lifted its position in Copart by 3.2% during the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock valued at $89,417,000 after buying an additional 48,334 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in Copart by 289.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock valued at $1,970,000 after acquiring an additional 25,512 shares during the period. Tsai Capital Corp boosted its position in shares of Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock worth $3,540,000 after purchasing an additional 7,230 shares in the last quarter. Finally, Voleon Capital Management LP bought a new stake in Copart in the fourth quarter worth $1,314,000. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Down 0.0%

Copart stock traded down $0.01 during mid-day trading on Friday, reaching $50.13. 4,982,389 shares of the company's stock traded hands, compared to its average volume of 4,670,345. The stock has a 50 day moving average of $58.14 and a two-hundred day moving average of $57.87. The company has a market cap of $48.43 billion, a price-to-earnings ratio of 33.64 and a beta of 1.10. Copart, Inc. has a 12-month low of $48.05 and a 12-month 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 (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 firm's quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CPRT shares. JPMorgan Chase & Co. lowered their price objective on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Argus lowered Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Insider Activity

In other Copart news, Director James E. Meeks sold 100,000 shares of Copart 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 200,000 shares of company stock worth $11,401,000. Corporate insiders own 9.68% of the company's stock.

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.