Wellington Management Group LLP Has $812.49 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Wellington Management Group LLP increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,157,306 shares of the business services provider’s stock after acquiring an additional 1,785,741 shares during the period. Wellington Management Group LLP owned about 1.47% of Copart worth $812,488,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Copart by 2.5% during 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 acquiring an additional 941,858 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Copart by 106.4% in the third quarter. CreativeOne Wealth LLC now owns 9,605 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 4,951 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Copart by 13.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 188,277 shares of the business services provider’s stock worth $9,866,000 after purchasing an additional 22,592 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Copart by 12.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 39,340 shares of the business services provider’s stock worth $2,061,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Copart during the 3rd quarter valued at about $761,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on 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. In the last three months, insiders sold 385,480 shares of company stock valued at $21,667,683. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

Copart stock opened at $56.59 on Tuesday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company’s fifty day moving average price is $56.32 and its two-hundred day moving average price is $56.28. The company has a market capitalization of $54.67 billion, a price-to-earnings ratio of 37.98 and a beta of 1.30.

Copart (NASDAQ:CPRT) last announced its earnings results 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. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a research report 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.