NZS Capital LLC Boosts Holdings in Copart, Inc. (NASDAQ:CPRT)

NZS Capital LLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 118.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 670,449 shares of the business services provider's stock after acquiring an additional 362,888 shares during the period. Copart makes up approximately 1.6% of NZS Capital LLC's portfolio, making the stock its 22nd biggest holding. NZS Capital LLC owned 0.07% of Copart worth $38,477,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Sandy Spring Bank increased its position in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after buying an additional 176 shares in the last quarter. Curio Wealth LLC purchased a new position in Copart during the 4th quarter valued at about $52,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Copart in the fourth quarter valued at approximately $54,000. Eastern Bank increased its stake in shares of Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock worth $69,000 after purchasing an additional 640 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Copart in the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insider Buying and Selling

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 shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by company insiders.

Copart Stock Up 1.5 %

Shares of CPRT stock traded up $0.93 during mid-day trading on Friday, hitting $61.43. 1,429,913 shares of the company's stock were exchanged, compared to its average volume of 4,414,542. The stock has a market cap of $59.35 billion, a price-to-earnings ratio of 41.22 and a beta of 1.22. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a 50-day simple moving average of $56.55 and a two-hundred day simple moving average of $57.27.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS 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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.