Toronto Dominion Bank Raises Stock Position in Copart, Inc. (NASDAQ:CPRT)

Toronto Dominion Bank grew its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 503,377 shares of the business services provider's stock after acquiring an additional 72,294 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Copart worth $28,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Siemens Fonds Invest GmbH lifted its position in Copart by 178.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 138,217 shares of the business services provider's stock valued at $7,932,000 after purchasing an additional 88,624 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Copart by 11.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 77,055 shares of the business services provider's stock valued at $4,422,000 after buying an additional 8,095 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Copart by 4.2% in the 4th quarter. Royal Bank of Canada now owns 6,151,038 shares of the business services provider's stock valued at $353,008,000 after acquiring an additional 246,569 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Copart by 0.8% in the 4th quarter. Rafferty Asset Management LLC now owns 351,371 shares of the business services provider's stock valued at $20,165,000 after acquiring an additional 2,920 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in Copart during the fourth quarter worth approximately $485,000. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

CPRT stock traded down $0.43 during mid-day trading on Thursday, reaching $60.66. 6,508,552 shares of the stock traded hands, compared to its average volume of 4,438,247. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The stock has a market capitalization of $58.60 billion, a PE ratio of 40.71 and a beta of 1.20. The business has a 50-day moving average price of $58.75 and a two-hundred day moving average price of $58.18.

Copart (NASDAQ:CPRT - Get Free Report) last released 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. Copart had a net margin of 32.27% and a return on equity of 19.31%. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Copart

In related news, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven D. Cohan sold 94,997 shares of the business's 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 disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock worth $11,401,000 over the last 90 days. Company 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.