Northern Trust Corp Raises Stock Position in Copart, Inc. (NASDAQ:CPRT)

Northern Trust Corp boosted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 12.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,865,301 shares of the business services provider's stock after buying an additional 971,940 shares during the quarter. Northern Trust Corp owned approximately 0.92% of Copart worth $508,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CPRT. Bellwether Advisors LLC purchased a new position in Copart during the 4th quarter valued at $2,002,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Copart during the fourth quarter valued at about $45,000. Second Half Financial Partners LLC bought a new position in Copart in the fourth quarter worth about $445,000. NZS Capital LLC lifted its holdings in Copart by 118.0% in the fourth quarter. NZS Capital LLC now owns 670,449 shares of the business services provider's stock worth $38,477,000 after buying an additional 362,888 shares during the period. Finally, Prosperity Consulting Group LLC boosted its position in Copart by 11.2% during the 4th quarter. Prosperity Consulting Group LLC now owns 6,501 shares of the business services provider's stock valued at $373,000 after acquiring an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Stock Up 1.2 %

Shares of NASDAQ:CPRT traded up $0.72 during midday trading on Friday, reaching $61.22. The company's stock had a trading volume of 3,152,111 shares, compared to its average volume of 4,425,461. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The firm has a market capitalization of $59.14 billion, a P/E ratio of 41.09 and a beta of 1.22. The firm has a 50 day moving average of $56.64 and a 200-day moving average of $57.31.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Copart

In related news, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $5,400,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by insiders.

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.