Copart, Inc. (NASDAQ:CPRT) Holdings Lifted by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,022 shares of the business services provider's stock after buying an additional 4,985 shares during the period. MML Investors Services LLC's holdings in Copart were worth $9,069,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPRT. Principal Financial Group Inc. increased its holdings in shares of Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock valued at $2,037,130,000 after purchasing an additional 941,858 shares during the period. Barclays PLC grew its position in Copart by 0.4% in the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider's stock valued at $316,639,000 after buying an additional 21,710 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Copart during the 3rd quarter valued at about $317,000. Tidal Investments LLC raised its position in shares of Copart by 7.8% during the 3rd quarter. Tidal Investments LLC now owns 88,324 shares of the business services provider's stock worth $4,628,000 after buying an additional 6,421 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Copart by 6.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 104,650 shares of the business services provider's stock worth $5,484,000 after acquiring an additional 6,385 shares during the period. 85.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Steven D. Cohan sold 94,997 shares of the business'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 available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by insiders.

Copart Trading Down 0.2 %

CPRT stock traded down $0.13 during trading hours on Tuesday, hitting $59.68. 509,999 shares of the stock traded hands, compared to its average volume of 4,407,256. The stock has a 50-day simple moving average of $56.34 and a 200 day simple moving average of $57.18. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a market cap of $57.66 billion, a P/E ratio of 40.06 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

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

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.