Commonwealth Equity Services LLC Purchases 2,929 Shares of Copart, Inc. (NASDAQ:CPRT)

Commonwealth Equity Services LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,258 shares of the business services provider’s stock after purchasing an additional 2,929 shares during the period. Commonwealth Equity Services LLC’s holdings in Copart were worth $9,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Copart by 2.5% in the 3rd 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 buying an additional 941,858 shares in the last quarter. State Street Corp boosted its position in shares of Copart by 0.4% in the third quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock valued at $1,789,877,000 after acquiring an additional 120,939 shares during the period. Edgewood Management LLC grew its stake in shares of Copart by 0.6% in the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock valued at $1,077,119,000 after acquiring an additional 125,220 shares in the last quarter. Bank of New York Mellon Corp increased its position in Copart by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after acquiring an additional 3,667,534 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after purchasing an additional 291,580 shares during the period. Institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Stock Performance

NASDAQ:CPRT opened at $53.88 on Thursday. The company has a market cap of $52.05 billion, a price-to-earnings ratio of 36.16 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a fifty day moving average price of $56.53 and a 200-day moving average price of $56.00.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share 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 business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Copart news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 315,480 shares of company stock worth $18,007,983. Corporate 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.