Toronto Dominion Bank Buys 72,294 Shares of Copart, Inc. (NASDAQ:CPRT)

Toronto Dominion Bank grew its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 503,377 shares of the business services provider's stock after acquiring an additional 72,294 shares during the period. Toronto Dominion Bank owned about 0.05% of Copart worth $28,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. Edgewood Management LLC increased its stake 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 worth $1,346,548,000 after acquiring an additional 2,907,405 shares during the last quarter. Capital World Investors raised its position in Copart by 0.8% during the fourth quarter. Capital World Investors now owns 21,353,932 shares of the business services provider's stock valued at $1,225,502,000 after purchasing an additional 169,354 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Copart by 23.3% in the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares during the period. Finally, Geode Capital Management LLC lifted its position 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 worth $1,097,153,000 after buying an additional 408,677 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Performance

Copart stock traded down $0.63 during mid-day trading on Thursday, hitting $51.42. The company's stock had a trading volume of 7,665,191 shares, compared to its average volume of 4,593,413. The company has a 50 day moving average of $58.85 and a 200-day moving average of $58.18. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The stock has a market cap of $49.68 billion, a PE ratio of 34.51 and a beta of 1.20.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.23 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of the firm'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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was 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. Over the last three months, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by company insiders.

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.