Mercer Global Advisors Inc. ADV Grows Stock Position in Copart, Inc. (NASDAQ:CPRT)

Mercer Global Advisors Inc. ADV increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 23.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 64,478 shares of the business services provider's stock after purchasing an additional 12,262 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Copart were worth $3,700,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CPRT. Sandy Spring Bank raised its holdings in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after acquiring an additional 176 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Copart in the fourth quarter worth $45,000. Curio Wealth LLC bought a new stake in Copart during the fourth quarter worth about $52,000. Itau Unibanco Holding S.A. raised its position in shares of Copart by 340.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock valued at $53,000 after buying an additional 708 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Copart during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

Shares of NASDAQ:CPRT traded down $0.26 during midday trading on Friday, hitting $61.52. 2,553,665 shares of the stock were exchanged, compared to its average volume of 4,413,778. The business's 50-day moving average price is $57.26 and its 200 day moving average price is $57.58. The stock has a market capitalization of $59.43 billion, a price-to-earnings ratio of 41.29 and a beta of 1.20. 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 announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In related news, Director James E. Meeks sold 100,000 shares of the 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 document filed with the SEC, which can be accessed through this link. Also, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction dated 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 90 days, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Copart 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.