Copart, Inc. (NASDAQ:CPRT) Position Reduced by Stifel Financial Corp

Stifel Financial Corp decreased its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 805,510 shares of the business services provider's stock after selling 16,581 shares during the quarter. Stifel Financial Corp owned about 0.08% of Copart worth $46,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Copart during the 4th quarter valued at approximately $682,089,000. Madison Investment Advisors LLC bought a new stake in shares of Copart in the fourth quarter worth $253,686,000. Bank of New York Mellon Corp raised its holdings in Copart by 23.3% in the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock valued at $1,115,664,000 after acquiring an additional 3,667,534 shares in the last quarter. Edgewood Management LLC raised its stake in Copart by 14.1% during the fourth quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after buying an additional 2,907,405 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Copart by 335.8% during the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock worth $149,471,000 after purchasing an additional 2,084,626 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Trading Down 0.0 %

Copart stock traded down $0.00 during midday trading on Tuesday, reaching $59.81. 631,213 shares of the stock traded hands, compared to its average volume of 4,407,789. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm has a market cap of $57.78 billion, a price-to-earnings ratio of 40.07 and a beta of 1.22. The firm has a fifty day moving average price of $56.34 and a two-hundred day moving average price of $57.18.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Copart news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were 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. Insiders sold 200,000 shares of company stock worth $11,401,000 over the last ninety days. Company insiders own 9.68% of the company's stock.

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.