KBC Group NV Has $8.14 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

KBC Group NV lowered its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,786 shares of the business services provider's stock after selling 8,881 shares during the quarter. KBC Group NV's holdings in Copart were worth $8,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CPRT. Vanguard Group Inc. raised its holdings in Copart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock valued at $5,861,185,000 after buying an additional 976,909 shares in the last quarter. Edgewood Management LLC increased its holdings in shares of Copart by 14.1% during 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 acquiring an additional 2,907,405 shares during the last quarter. Capital World Investors increased 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 valued at $1,225,502,000 after acquiring an additional 169,354 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Copart by 2.2% in the 4th 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 in the last quarter. Finally, FMR LLC lifted its holdings in Copart by 2.7% in the 4th quarter. FMR LLC now owns 14,504,704 shares of the business services provider's stock worth $832,425,000 after purchasing an additional 380,691 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Analysts Set New Price Targets

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

Copart Stock Performance

Shares of Copart stock traded up $0.21 during trading on Thursday, reaching $49.29. The company's stock had a trading volume of 3,329,409 shares, compared to its average volume of 4,873,870. Copart, Inc. has a one year low of $47.33 and a one year high of $64.38. The firm has a market cap of $47.66 billion, a price-to-earnings ratio of 32.42 and a beta of 1.07. The business's fifty day moving average price is $54.51 and its 200-day moving average price is $56.17.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%. The company 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 posted $0.39 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.68% of the company's stock.

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.