Mirabella Financial Services LLP Purchases New Shares in Copart, Inc. (NASDAQ:CPRT)

Mirabella Financial Services LLP acquired a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 36,620 shares of the business services provider's stock, valued at approximately $2,100,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MML Investors Services LLC boosted its stake in shares of Copart by 3.3% in the fourth quarter. MML Investors Services LLC now owns 158,022 shares of the business services provider's stock valued at $9,069,000 after buying an additional 4,985 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Copart by 1.2% during the 4th quarter. MetLife Investment Management LLC now owns 267,790 shares of the business services provider's stock worth $15,368,000 after acquiring an additional 3,137 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Copart by 289.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock worth $1,970,000 after purchasing an additional 25,512 shares during the period. Capital World Investors raised 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 buying an additional 169,354 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Copart by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,751,965 shares of the business services provider's stock worth $157,958,000 after acquiring an additional 81,971 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Copart news, Director Steven D. Cohan sold 5,003 shares of Copart stock in a transaction on Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Meeks sold 100,000 shares of Copart 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Copart Trading Down 2.1 %

NASDAQ CPRT traded down $1.28 during trading on Friday, reaching $60.70. The company's stock had a trading volume of 1,742,803 shares, compared to its average volume of 4,405,308. The business has a 50-day moving average price of $56.31 and a 200-day moving average price of $57.09. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock has a market capitalization of $58.64 billion, a PE ratio of 40.70 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

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.